Updated: 05/12/16 : 06:50:06
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Christmas spend per Irish household up by €720

Irish households will spend €720 more this Christmas than last year.

According to Retail Ireland, the average spend will come in at around €2,500 in total.

Its latest report says prices will remain low due to 'aggressive' competition between traders.

Thomas Burke from Ibec says it is a positive time for consumers: "All of the key economic indicators are pointing in the right direction.

"We have seen employment climb about 3% compared to Christmas of 2015 and that's now over two million people now employed in the state.

"Disposable income in the first half of the year was up close to 2% and prices are down over 3% in the last quarter and nearly 9% over the last three years.

"So what that tells us is that it is a really good time to be an Irish consumer."