Irish households to spend an average of €2,500 this Christmas

Irish households to spend an average of €2,500 this Christmas

Irish households will spend an average of more than €2,500 for Christmas 2016.

According to Retail Ireland, that is a jump of €26 on last year's figure.

Its latest report says prices will remain low due to 'aggressive' competition between traders.

Thomas Burke from Ibec says it is a positive time for consumers: "All of the key economic indicators are pointing in the right direction.

"We have seen employment climb about 3% compared to Christmas of 2015 and that's now over two million people now employed in the state.

"Disposable income in the first half of the year was up close to 2% and prices are down over 3% in the last quarter and nearly 9% over the last three years.

"So what that tells us is that it is a really good time to be an Irish consumer."


More in this Section

SDLP leader delivers rallying call in South BelfastSDLP leader delivers rallying call in South Belfast

The Lotto results are in...The Lotto results are in...

Gardaí investigating seven recent attacks on sex workers Gardaí investigating seven recent attacks on sex workers

Digital library to ‘empower’ visually impaired studentsDigital library to ‘empower’ visually impaired students


Lifestyle

In an industry where women battle ageism and sexism, Meryl Streep has managed to decide her own destiny – and roles, writes Suzanne HarringtonJeepers Streepers: Hollywood royalty, all hail queen Meryl

'Ask Audrey' has been the newspaper's hysterical agony aunt “for ages, like”.Ask Audrey: Guten tag. Vot the f**k is the story with your cycle lanes?

Daphne Wright’s major new exhibition at the Crawford addresses such subjects as ageing and consumerism, writes Colette SheridanFinding inspiration in domestic situations

Christian Bale and Matt Damon tell Laura Harding about their roles in Le Mans ‘66, the tale of the men paid by Ford to take on the dominance of Ferrari in the motor-racing worldFoot to the floor: Christian Bale and Matt Damon talk about Ford, Ferrari and the 24 hours of Le Mans

More From The Irish Examiner