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Record Year for Christmas Shopping

Christmas shopping set a record here for the ninth year in a row.

According to the Swedish Research Institute of Trade, Swedes spent 6 percent more in December this year than during the 2004 Christmas season. Furniture, consumer electronics, and clothes have all sold well.

The institute attributes the healthy sales to low mortgage rates and low inflation, as well as a retroactive payment of increased child allowances that all families with children received just a few days before Christmas.

More and more Swedes also bought Christmas presents over the Internet. Last year half of people here aged between 14 and 80 bought presents online. According to a study by the post office, that rose to 60 percent this year.

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