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Britain's festive shopping spree tops the list for major economies

Christmas shopping in the UK totalled £43bn in 2013, with consumers spending £680 each in the last two months of the year and making Britons the most generous shoppers among the world's major economies, according to PwC's latest Global Economy Watch report. US consumers ranked second, spending £495 per person, while France was Europe's second most generous nation. In Britain, Christmas spending has remained relatively stable since the financial crisis, with an average spend of just under £650 a decade ago and £659 in 2007. The Christmas period is still the busiest time for UK retailers, with just under 25% of annual spending being carried out in the last two months of the year.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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