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Christmas-Tree Spending Rises to Highest Since Pre-Recession

Spending on Christmas trees in the U.S. will rise 3.1 percent this year to $3.4 billion, the highest since before the recession gutted retail sales in 2008, as demand and prices increase, researcher IBISWorld said.

Americans will spend about $800 million for 25 million real trees and another $2.6 billion on 10 million artificial versions during the holiday season, Nikoleta Panteva, a senior analyst at Los Angeles-based IBISWorld, said in an interview.