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Shoppers' Xmas budgets bigger this year despite expectations of weaker 2016

Increase shows that consumers still place importance on gift-giving at this time and on celebrating relationships

Lee U-Wen

Lee U-Wen

Published Thu, Dec 17, 2015 · 09:50 PM
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Singapore

SHOPPERS in Singapore are likely to spend more this year on their Christmas gifts despite the cautious economic outlook.

According to a survey commissioned by United Overseas Bank (UOB), consumers here have a budget of S$769 for their festive shopping, which is 8 per cent higher than what they shelled out in 2014 (S$708).

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