Giovedì, 18 Ottobre 2018

Holiday spending outlook 'extremely negative'


Rome, November 19 - A survey by consumer group
Federconsumatori released on Monday said that the Christmas
shopping outlook for 2012 is "extremely negative" both in terms
of the total amount that households are expecting to spend and
what they will be buying.
A sharp drop in household purchasing power, down 13.2%
since 2008) and unavoidable expenditures like mortgages,
insurance and bills means that families will be giving fewer
gifts over the holidays.
The survey said that consumers expect to purchase 3% fewer
toys and electronics, travel will be down 9% and food
expenditures will drop 1%.

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