Business - Economy

Austrians spend about € 2.5bn on gifts

Published: December 14, 2010; 12:07 · (Vindobona)

Spending propensity shows a rising trend. Cash is still the most widely means of payment.

Austrians spend about € 2.5bn on gifts / Picture: © Vindobona.org

89% of Austrians buy Christmas gifts and will spend this year a total of about € 2.5bn. This is the result of a representative survey by the market research firm Integral on behalf of the Erste Bank. An average of € 390 are spent on Christmas gifts (2009: € 364). The money for this comes in the case of 70% of respondents predominantly from their savings; 40% of Austrians also…

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Austrians spend about € 2.5bn on gifts

Spending propensity shows a rising trend. Cash is still the most widely means of payment.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.