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    The Storefront
    December 11, 2009

     
     

    Christmas to the U.S. economy: a big deal


    Posted at 11:31 am by Amy Rolph

    How big is Christmas to the U.S. economy? Take a look at the numbers, courtesy of the U.S. Census, National Retail Federation and IBISWorld.com.





    • $2.2 trillion: Total annual retail spending.

    • $437 billion: Retail spending during the holiday season, including food and beverages but not restaurants, vehicles or gasoline.

    • $117 billion: Amount spent on gifts by adults, based on survey questions.

    • $60 billion: Excess retail spending in November and December, over other months.

    • $12 billion: The difference between a good Christmas season and a bad one about 1/10 of 1 percent of the U.S. economy.


    By comparison, Americans spend:

    • $30 billion: Roofing work

    • $40 billion: Painting contractors and paint

    • $70 billion: Plumbing

    • $95 billion: Dentists


    These numbers were distributed by the Los Angeles Times-Washington Post News Service.

    Know a small business you think we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.

    Return to The Storefront

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