Finns spending more for Christmas
(Thomson Reuters ONE) - Finns estimate this year's Christmas expenses to be about 550 euros,4 per cent more than last year. The 300 euros spent on Christmaspresents last year is the same this year, but Finns intend to spendabout 10 per cent more on other Christmas-related purchases such asfood and decorations. Nevertheless, the Christmas budget falls farshort of the 650 euros Finns spent in 2007.The Nordea survey shows that the primary sources for Christmasspending are the same as last year: regular income and tax refunds.Every fifth respondent is also planning to use part of their savingsfor Christmas purchases. Credit cards are favoured by people withhigh income and big city dwellers at this time of the year.When it comes to Christmas presents, those planning to spend the mostlive in eastern Finland. They intend to spend 310 euros, whereaspeople living in western and southern Finland only intend to use lessthan 280 euros. The ongoing recession has been most hard felt byrespondents with low incomes, who estimate that they are going to use160 euros on Christmas presents, 8 per cent less than last year. Onthe other hand, households with average incomes intend to increasethe sum they use on Christmas presents by 10 per cent to nearly 310euros and households with high incomes by 6 per cent to more than 410euros.Every fourth Christmas present budget cut by recessionOne in four respondents will spend less on Christmas presents thanlast year.- A third of them will spend less on presents this year due to lowerincome. This was especially true for households with low income, ie,those earning less than 30,000 euros a year. Then again, every fourthrespondent intending to cut down on Christmas shopping now considerssaving money more important than before, says Anu Numminen, Nordea'sPrivate Economist.Christmas mood not compromisedHouseholds across all income classes intend to spend more than lastyear on Christmas cooking, decorations, clothes and other seasonalexpenses, excluding presents and travel expenses, but it ishouseholds with average or high incomes who increase their spendingthe most. They plan to spend almost 20 per cent more on Christmasthan in 2008. The inhabitants of northern Finland will spend the moston Christmas, about 260 euros per person. The least money is spent inwestern Finland, 225 euros per person.- Purchasing power among consumers who have not lost their jobs isactually quite good at the moment. This becomes evident in thissurvey's results, too, says Anu Numminen.- Record-low interest rates have reduced loan costs, and people canuse more money on Christmas preparations than last year. At any rate,you should keep in mind when shopping for Christmas that Christmasonly lasts for three days. January, however, may feel rather long ifyou have spent almost all your money on Christmas. The best Christmasmood comes from relaxing and enjoying the company of your loved ones- and this is free of charge, says Anu Numminen.This survey was conducted by Synovate on Nordea's commission. Over1,000 people between 16 and 65 years old were interviewed in Finland,Sweden, Norway and Denmark at the beginning of November.For further information:Anu Numminen, Private Economist, +358 9 165 88218,anu.numminen(at)nordea.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.12.2009 - 12:00 Uhr
Sprache: Deutsch
News-ID 9224
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