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Consumer spending during Christmas sales expected to be more subdued this year

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Overall Christmas spending is in decline this year, according to the Australian Retailers Association

Overall Christmas spending is in decline this year, according to the Australian Retailers Association Source: AAP / STEVEN SAPHORE

Australian retailers are expecting more subdued Christmas sales activity this year. Multiple interest rate rises over the past year and cost-of-living pressures have reduced the budgets for gift buying.

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By Adriana Wainstok

Presented by SBS Russian

Source: SBS

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Australian retailers are expecting more subdued Christmas sales activity this year. Multiple interest rate rises over the past year and cost-of-living pressures have reduced the budgets for gift buying.

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