Italian credit card spending grows 1.5% before Christmas
Online purchases up 23.3%, digital merchandise soars 37%23 December, 15:03
Far fewer braved shopping crowds and queues, as online purchases rose 23.3%.
Charges for digital merchandise soared 37%, while clothing and food spending slumped 6.6% and 4.4% respectively. Household goods slipped 2.6%. Hotels and restaurants were down 3.1%. Trips and telecommunications were up by small single digits.
Italian consumers may be leaving Christmas-related spending to the very last minute, as they did in the depths of recession in late last year.
The week of December 23, 2012, saw purchases rise 12.5% over the same period in 2011, after languishing in the weeks prior.
In the first two weeks of December this year, purchases fell 0.2% compared to the same period in 2012, making the Christmas week again crucial to holiday sales.