Spending merrily on high: €1.5bn Christmas bonanza on cards

Retailers will enjoy an anticipated spending bonanza this Christmas, with consumers expected to splurge about €1.5bn.

A survey of over 1,500 consumers found the lift in the economy will translate into festive season spending.

The study found of the likely €1.5bn spend (up 3.5% on last year), €839.9m will go on presents. Almost two thirds of consumers plan to spend up to €300 on presents.