Nearly two out of three people are planning to reduce their spending on Christmas presents this year, according to auditing firm EY, following its traditional end-of-year survey of some 600 consumers.
This content was published on December 13, 2023 - 14:07
December 13, 2023 - 14:07
2 minutes
Keystone-SDA
The average amount Swiss shoppers intend to spend is CHF282, a good fifth less than a year earlier.
“After weak wage negotiations, another significant increase in health insurance premiums and a second rise in the benchmark interest rate with its repercussions on rents, the outlook for 2024 is gloomy, leading to a delayed effect of inflation,” says André Bieri, specialist for the Swiss market, quoted in the report released on Wednesday.