Swiss keep Christmas gift budget constant
Published: Thursday, Dec 5th 2024, 08:50
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Swiss consumers intend to spend an average of CHF 282 on Christmas gifts this year. This is exactly the same as last year.
This is the result of the annual Christmas survey conducted by consulting firm EY and the Swiss Retail Federation, which was published on Thursday. In 2022, the survey revealed a record average of 343 Swiss francs per capita.
This year, more than half of the 753 respondents said they would reduce their spending on Christmas presents in view of the high cost of living. Women in particular want to save money.
The most popular gifts are still vouchers and money, followed by toys and clothing. In addition, 70 percent of respondents stated that they pay attention to sustainability when giving gifts.
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