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The market researcher Deloitte has predicted that this years Christmas consumer spend will be one per cent higher than last year.
According to Retail Week, the figures come from a survey that found that 71 per cent of respondents intended to spend more on gifts, while 79 per cent intended to spend more on entertainment and leisure.
“Each year, consumers tell us they will do whatever they can to enjoy Christmas and this year will be no different,” said Deloitte’s UK head of retail, Ian Geddes.
However, the rosy forecast is not expected to continue in to 2011, where Deloitte expects that the industry will not see any growth over the course of the year. This is reflected in the survey, which sees 38 per cent of respondents forecasting the economy to deteriorate.
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