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Car traffic volumes in July still below pre-Covid levels

Public transport journeys and car traffic volumes in July were still below pre-pandemic levels. New data from the Central Statistics Office (CSO) show that public transport journeys in the week beginning 25 July 2022 were 80% of the number taken in the first week of March 2020. Bus journeys in Dublin were 78% of pre-Covid…

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Value of services increased in June – CSO

The value of services increased by 2% in June when compared to the previous month, according to new figures from the Central Statistics Office (CSO). The biggest monthly increases were recorded in the value of information and communication services, and accommodation and food services. Decreases were recorded in transportation and storage, other service activities, and…

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Goods exports rose 31% in record first half performance

The value of goods exported from Ireland rose by 31% in the first half of the year as the recovery from the pandemic gathered pace, new figures from the Central Statistics Office show. In total, goods worth €105bn were exported, up by €24bn on the same six-month period last year, marking a record first half…

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78% of workers want to stay working from home – new research

Large levels of working from home (WfH) were induced by social distancing and viral control measures undertaken to mitigate the Covid-19 pandemic. Representing an unpredicted change in the way large amounts of people undertake their day to day work, it is expected that the legacy of this event will have wide-ranging and long-lasting results in…

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Ireland’s gas demand up 5% in July despite warm weather

Despite the warmer weather, Ireland’s gas demand in July was up 5% on the previous month, according to new figures from Gas Networks Ireland. When compared to the same month last year, when public health restrictions were in place, demand was up 10%. Gas demand increased by 95% in the air travel sector when compared…

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Will the 30% income tax rate make it into Budget ’23?

Ireland has what is generally regarded to be quite a progressive personal taxation regime. In other words, those who earn most pay the most, while the taxation burden on those with average incomes and below is considered to be relatively low. Some would like to see an even greater contribution from the wealthiest, but there…

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Home prices equal 2007 peak for first time in June – CSO

Residential property prices returned in June to levels not seen since the credit-fuelled peak of 2007, after rising 14.1% on an annual basis, new Central Statistics Office figures show today. The 14.1% year-on-year growth in June was down from 14.4% in May, cooling slightly for the third successive month, the CSO said. Today’s figures show…

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Gardaí warn of increased ransomware attacks on SMEs

The National Cyber Security Centre and the Garda National Cyber Crime Bureau are warning small and medium business owners of an increased threat of ransomware attacks. They also encouraged business owners to report the incidents to both the National Cyber Security Centre and gardaí. The National Cyber Security Centre and the Garda National Crime Bureau…

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Households could save €13,000 by switching, changing habits

Households could save over €13,000 a year by switching service providers and changing their spending habits. That’s according to new figures from Irish personal finance company Moneysherpa. They show that despite inflation running at a 38 year high of 9.1%, consumers can save by shopping around. “Many are struggling to make ends meet,” said Mark…

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30% income tax rate ‘technically possible’ – Donohoe

Minister for Finance Paschal Donohoe has said a 30% rate of income tax is “technically possible” and that Budget 2023 will contain an overall personal tax package that will aim to help with the rising cost of living. Minister Donohoe said the Government has confirmed that tax changes of over one-billion-euro will happen, and in…

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