“Perhaps the key message is that people are planning to spend a larger share of their budget on the holidays and Christmas gifts,” Jūratė Cvilikienė, head of the Swedbank Finance Institute in Lithuania, said at a news conference on Friday.
Around 25 percent of respondents said they would spend between 31 and 60 euros on their Christmas gifts, unchanged from a similar survey a year ago, and 36 percent said they would spend between 61 and 100 euros, up from 32 percent. The percentage of those planning to spend between 101 and 200 euros fell to 14 percent, from 19 percent.
Eleven percent planned to spend up to 30 euros, down from 13 percent, and another 5 percent said they would not buy any gifts (down from 7 percent).
Forty-nine percent of those polled do not save money for their Christmas presents in advance, unchanged from last year, and a mere 5 percent buy their gifts in advance, down from 7 percent.
The survey of 1,005 people was carried out by Spinter Tyrimai.