Swiss households likely to cut spending on Christmas gifts
Swiss households likely to cut spending on Christmas gifts

www.swissinfo.ch
Swiss households likely to cut spending on Christmas gifts

The average gifting budget has fallen to CHF411 ($473), down from last year's record of CHF500.
Consumer morale is being weighed down by inflation, rising health costs and general economic uncertainty, according to a study released by the GfK institute on Monday. In all, 40% of those questioned expect to spend less on gifts and a third expect to donate less to charitable organisations than in previous years.
Kurt Meister, an expert at GfK, believes that the Swiss are "shopping in a more targeted way and paying more attention to sales promotions", such as Black Week. ...