Americans are estimated to spend on Christmas and other holiday gifts slightly more than what they did at the holiday season a year ago, according to two recent surveys conducted by Gallup.
U.S. consumers are planning to buy gifts worth $1,012 on average, shows a survey conducted among potential buyers during November 6-20. This is up from $975 they were ready to spent in November last year.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.