Americans in Best Holiday Shopping Mood in Years
Gallup’s initial measure of consumers’ 2017 Christmas shopping plans suggests retailers could see the best holiday sales in years. The chief indicator is a sharp increase in the amount Americans say they plan to spend on Christmas gifts — now $906, up from $785 in October 2016. That represents one of the biggest year-over-year increases in Gallup’s trend, pushing the spending projection to its highest level in a decade.