Invest
Aussies tipped to spend $52bn this Christmas
Australians are tipped to spend over $52 billion across retail stores during the Christmas trading period, according to new research.
Aussies tipped to spend $52bn this Christmas
Australians are tipped to spend over $52 billion across retail stores during the Christmas trading period, according to new research.
Roy Morgan’s annual Christmas retail sales forecast suggests spending will increase by 2.6 per cent from $51.4 billion of retail expenditure during the 2018 Christmas trading period.
Roy Morgan chief executive Michele Levine said, “Christmas retail spending forecasts predict a spending increase of 2.6 per cent in 2019.”
“This is slightly below the 2.8 per cent growth of a year ago, although it remains well above the current ABS inflation rate of 1.7 per cent,” she noted.
Growth in retail expenditure is predicted across all six categories measured, with spending on food expected to grow by 3.2 per cent from a year ago to nearly $21.7 billion.
Also set to grow strongly will be apparel, including clothing, footwear and accessories, up 3 per cent to almost $4.2 billion.
Hospitality businesses are forecast to grow by 2.3 per cent to an expenditure of well over $7.4 billion, and an impressive $8.8 billion is expected to be spent on household goods this Christmas, an increase of 0.6 per cent from a year ago.
Department stores are set to experience slower growth than other categories, up by 0.5 per cent, to overall spending of almost $3 billion.
Australians cutting back
While it’s predicted that Australians will spend more collectively, individuals are looking to cut back, according to St.George.
St.George’s Christmas Spending report, which surveyed 1,000 Australians, showed that:
- 43 per cent of households have agreed on spending limits
- 31 per cent plan to give few presents this year
- Households have set themselves an average spending limit of $500 on gifts
nestegg previously reported that one in three Australians now considers Christmas to be the “most wasteful time of the year”.
About the author
About the author
Spending
How Aussie households can save $1,043 a year
If Aussies reduced their household waste to zero every year, they could pocket themselves over a $1,000, new research has found. ...Read more
Spending
Telstra faces $50m fine for unconscionable conduct towards Indigenous customers
Australia’s largest telecommunications provider has admitted to unconscionable contact towards Indigenous consumers, which could see them pay a penalty of up to $50 million, the consumer watchdog ha...Read more
Spending
Biggest Black Friday in history, says big 4 bank
One of Australia’s big four banks is expecting Australian retailers to experience its biggest Black Friday in history, as shoppers look to take advantage of pre-Christmas sales. ...Read more
Spending
ACCC accuses Peters Ice Cream of freezing out the competition
One of Australia’s largest ice cream suppliers has allegedly engaged in conduct which hinders or prevents competition for the supply of single-wrapped ice creams to petrol and convenience retailers....Read more
Spending
How much are Australians predicted to spend this Christmas?
Despite the COVID-19 recession, Australians have indicated that they will spend over $54.3 billion across retail stores during the Christmas trading period, new research has shown. ...Read more
Spending
1 in 5 Australians missing BNPL payments
The corporate regulator said on Monday, 16 November, that one in five consumers engaged in “buy now, pay later” services is missing payments, with some taking out loans for repayments. ...Read more
Spending
Aussies’ card spending surges post-lockdown
Australians are spending more on their cards as the country emerges from the COVID-19 restrictions, research has shown. ...Read more
Spending
Big name Aussie brands named and shamed during Shonky Awards
Allegations of questionable credit, unclear funeral costs and cleaners worse than water have topped the Shonky Awards this year. ...Read more
Spending
How Aussie households can save $1,043 a year
If Aussies reduced their household waste to zero every year, they could pocket themselves over a $1,000, new research has found. ...Read more
Spending
Telstra faces $50m fine for unconscionable conduct towards Indigenous customers
Australia’s largest telecommunications provider has admitted to unconscionable contact towards Indigenous consumers, which could see them pay a penalty of up to $50 million, the consumer watchdog ha...Read more
Spending
Biggest Black Friday in history, says big 4 bank
One of Australia’s big four banks is expecting Australian retailers to experience its biggest Black Friday in history, as shoppers look to take advantage of pre-Christmas sales. ...Read more
Spending
ACCC accuses Peters Ice Cream of freezing out the competition
One of Australia’s largest ice cream suppliers has allegedly engaged in conduct which hinders or prevents competition for the supply of single-wrapped ice creams to petrol and convenience retailers....Read more
Spending
How much are Australians predicted to spend this Christmas?
Despite the COVID-19 recession, Australians have indicated that they will spend over $54.3 billion across retail stores during the Christmas trading period, new research has shown. ...Read more
Spending
1 in 5 Australians missing BNPL payments
The corporate regulator said on Monday, 16 November, that one in five consumers engaged in “buy now, pay later” services is missing payments, with some taking out loans for repayments. ...Read more
Spending
Aussies’ card spending surges post-lockdown
Australians are spending more on their cards as the country emerges from the COVID-19 restrictions, research has shown. ...Read more
Spending
Big name Aussie brands named and shamed during Shonky Awards
Allegations of questionable credit, unclear funeral costs and cleaners worse than water have topped the Shonky Awards this year. ...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
