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One in five Italian families had no Xmas presents

Consumer group says gift spending down 11.4% this year

26 December, 13:38
One in five Italian families had no Xmas presents (ANSA) - Rome, December 26 - Families in recession-battered Italy spent 11.4% less on gifts this Christmas than last year and one in five households did without presents completely, consumers' group Federconsumatori estimated on Thursday.

The group said the Italian households spent an average of 131 euros each on gifts for a total of 3.35 billion euros. Another consumers' association, Codacons, said overall Christmas spending, including expenditure on food and drink as well as gifts, was down 8% this year with respect to 2012. According to Codacons' data, spending on gifts was 15% down on last year.

But it said expenditure on food was holding up, with Italians set to spend 2.6 billion euros on their Christmas and New Year's meals. photo: People shopping in Rome before Christmas
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