Austrians spend about € 2.5bn on gifts

Business › Economy ♦ 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…

or Log In

Fast News Search
Related News
Private Consumption of Austrians Increases (November 17, 2010)
Consumer Price Inflation up to 2.0% in October 2010 (November 16, 2010)
Household Energy: Prices Rose by 5.4% (October 4, 2010)
Consumer Price Inflation down at 1.7 % in August 2010; HICP 1.6 % (September 15, 2010)
More private consumption in Austria (July 7, 2010)
Read More
Consumption, Retail Industry, Private Consumption, Erste Group
Featured
Coronavirus in Austria: Update
Coronavirus Situation at the Vienna International Centre (VIC): Live-Ticker - New COVID-19 Case at the IAEA
See latest Vindobona Newsletter