News

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

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

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

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

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

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

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

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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Transport and accommodation spending see biggest ever drops

New figures from the Central Bank show that the total value of card transactions (including ATM transactions) decreased by 35% in April – the biggest annual decline recorded since the series began.  Today’s figures are the Central Bank’s first statistics to capture a full month of data where the Covid-19 emergency containment measures were in […]

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Revenue notifies 3,000 taxpayers of text scam

Fraudsters may have accessed thousands of taxpayers’ Revenue accounts using information provided by them unwittingly. Revenue has written to around 3,000 taxpayers advising them that their myAccount may have been accessed as part of a scam which was sent via text message. Revenue’s Chief Information Officer, John Barron, explained that Revenue constantly monitors for suspect […]

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EU Commission proposes €750 billion coronavirus recovery fund

The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic. According to European Commission President Ursula von der Leyen, the money would be disbursed via grants and loans, with the commission using the EU budget as leverage to raise […]

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