Survey: More spending on Xmas gifts, at web shops
Results from a survey commissioned by Budapest Bank and undertaken by local polling agency GfK Hungária, Hungarians plan to spend an average of HUF 54,000 on holiday presents this year, HUF 10,000 more than in 2011.
About 41% of interviewees said they start to make savings in earlier months for their holiday spending while 25% said they tighten their belts after the holidays. One-quarter said they do not need to save because of the additional costs, compared to 19% who responded thusly in 2011.
Although consumers still buy 63% of their presents at shopping centers, web-based stores now take second place with 48%.
The most popular gifts are clothes (57%), cosmetics or perfumes (51%) and books (49%), although GfK noted a significant number of male respondents said they will be giving a mobile phone or smartphone as a Christmas gift to their wife or partner.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
