With Italians rushing to buy their
last presents before the end-of-year holidays, consumers'
association Codacons and retailers' confederation Confesercenti
have estimated in two separate studies that they are expected to
spend up to 9.5 billion euros in Christmas shopping.
In particular, Codacons said presents would cost a total of 9.5
billion euros while the survey carried out by the Ipsos polling
institute for Confesercenti estimated a cost of 8.1 billion,
with an average budget per person of about 225 euros to spend on
presents for loved ones to put under the tree.
Overall, the festivities were estimated to cost a total of 25
billion euros, including travelling and food expenses.
"The climate of uncertainty is weighing on families and
businesses, but Italians are not foregoing Christmas"
celebrations, commented Confesercenti.
The retailers' confederation estimated that, on average, Italian
households will spend 992 euros for the upcoming festivities,
including presents, food expenses, restaurant meals and
travelling for a total of 25 billion euros.
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