This year's Christmas spending is projected to reach £88.29bn, a 4% increase compared to last year, with consumers eager to indulge after previous cutbacks.
The UK stands out with a rise in festive spending, unlike other European nations where declines are expected, underscoring a unique consumer confidence.
Gifts, food, and travel will see significant spending increases, with gifts expected to reach £11.35bn, while holiday travel shows the highest YoY growth at 6.4%.
Consumers are embracing online shopping for convenience, especially for gifts, with online sales expected to surpass £32.48bn, aided by smartphone purchases leading the way.
Collection
[
|
...
]