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Robust tax receipts helped offset impact of Covid-19 spending

4th June 2020

Exchequer figures for May show an overall deficit in the public finances of €6.143bn. This compares with a deficit of €63m in the same month last year. An unexpected increase in the amount of corporation tax collected offset sharp declines across all other tax heads. Spending was up ahead of where it was planned to […]

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Adjusted unemployment falls slightly in May to 26.1% – CSO

4th June 2020

Unemployment, adjusted to account for those on the Pandemic Unemployment Payment, fell slightly in May to 26.1%. This compares to 28.2% in April. The percentage of younger people unemployed continues to be high with 51% of those 15-24 out of work compared to 22.5% of those aged over 25. The Central Statistics Office reports that […]

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Mortgage approvals down over 40% in April as impact of Covid-19 hits

4th June 2020

The level of mortgage approvals fell substantially in April, according to the latest figures from the Banking and Payments Federation. The figures are reflective of the fact that the property market has all but stalled in recent months as the Covid-related shutdown of the economy took effect. Just 2,200 mortgages were approved in April with […]

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Number of people on Pandemic Unemployment Payment drops by 36,200

3rd June 2020

The number of people claiming the Covid-19 Pandemic Unemployment Payment has fallen to 543,200 – a drop of 36,200 in the last week, according to the latest figures from the Department of Employment Affairs and Social Protection.  Of  those receiving the payment today, 28,400 have notified the Department that they are returning to work. 21,100 […]

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Research finds homebuyers are confident despite interruption to market

3rd June 2020

Those looking to buy a house remain confident about their ability to do so, despite the interruption to the market as a result of Covid-19. That’s according to a new survey by property website MyHome.ie. It found that 68% of prospective buyers are still planning on purchasing a new property in the next year. Six […]

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495,100 employees in receipt of Temporary Wage Subsidy Scheme

3rd June 2020

Just under half a million workers have had their pay subsidised under the government’s Temporary Wage Subsidy scheme at a total cost of €1.244 billion, according to the latest figures from the Revenue Commissioners.  Over 57,200 employers have now registered for the scheme, of whom over 50,500 have already received subsidy payments. According to the […]

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72% drop in new car registrations in May due to Covid-19 outbreak

2nd June 2020

New car registrations for last month dropped 72.3% when compared to May 2019, according to the latest figures from the Society of the Irish Motor Industry.  1,751 new cars were registered last month, compared to 6,320 in May 2019. The figures reveal that Covid-19 has heavily impacted on sales, with retailer’s showrooms remaining closed until the 18th of […]

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Grocery sales rise at fastest rate in 15 years

2nd June 2020

Take-home grocery sales experienced the fastest rate of growth in 15 years over the past 12 weeks, jumping by a quarter, according to new data from Kantar. But the boost in take-home purchases was offset somewhat by reduced outlays by consumers on on-the-go meals, drinks and snacks. “The jump in grocery sales over the most […]

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AIB PMI shows manufacturing downturn continues in May due to Covid-19

2nd June 2020

Irish manufacturing activity suffered a further severe deterioration last month, according to figures published today. The AIB Manufacturing Purchasing Managers’ Index (PMI) for May shows that although many indicators recovered some of the ground lost in April’s collapse, they still signalled rapid falls. The PMI rose from April’s 11-year low of 36.0 to 39.2 in […]

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Government to bring pandemic payment changes to Dáil next week

29th May 2020

Minister for Employment Affairs and Social Protection Regina Doherty has told the Dáil she will bring forward proposals for some changes to the Covid-19 Pandemic Unemployment Payment within the next week or so. She said that the Government is reviewing the nature of the payment. Ms Doherty reiterated that the Pandemic Unemployment Payment and the […]

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