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Austrians spend about € 2.5bn on gifts
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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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