Economists Believe Halloween Candy Sales Will Be Up This Year
How much are you planning to spend on Halloween candy this year? One financial services firm shows the average household may spend more than $30.
FOX’s Victoria Craig has more:
This is no trick: According to financial services firm IHS, the economy could be in for a real treat this year thanks to an expected 5% boost in Halloween spending.
That’s because a year of low gas prices and better employment opportunities have helped customers feel more confident about spending their hard-earned cash. Plus, a slight dip in sugar prices have helped the cost of candy slide nearly half a percentage point.
IHS economist Chris Christopher anticipates Halloween candy sales will reach their highest level in five years as households look to spend about $30 on sweets for trick-or-treaters:
(Christopher) “You can use this as an indicator that the holiday sales this season should be pretty good. The only little hiccup is that I think consumers will be a little more focused on holiday spending a little bit after the election.”
Christopher said while shoppers were a bit spooked by election-year politics this month, with retail discounts on the horizon for the holiday-shopping seasonm, the fourth quarter is looking a lot less goulish.
Victoria Craig, FOX News.
