HomeBussinessThe week ahead in business: the Government's economic statement, Central Bank card-payment...

The week ahead in business: the Government’s economic statement, Central Bank card-payment statistics and consumer-prices data from the CSO

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New Finance Minister Jack Chambers. Photo: Sam Boal/Collins

The Government is set to publish its summer economic statement this week.

Newly appointed Finance Minister Jack Chambers will outline plans for the 2025 Budget in this statement.

In his first press conference this week, Mr Chambers said he would bring “careful economic management” when finalising the plans for the upcoming budget.

The Central Statistics Office (CSO) will publish a flash ­estimate for the Harmonised Index of Consumer Prices (HICP) for June today.

The HICP was estimated to have risen by 1.9pc in the year to May 2024. Energy prices were estimated to have dropped by 0.3pc across the month and were down 3.6pc since May 2023.

Food prices were unchanged from a month earlier and were up 2.3pc since May 2023.

Monthly unemployment figures for last month will be shared on Wednesday.

In May, the seasonally adjusted employment rate was 4pc, which was the same as the revised rate for April.

The Central Bank of Ireland will publish monthly card-payment statistics for May today, while statistics around mortgage arrears and repossessions in the first three months of the year will be published on Friday.

The Central Bank is also set to share a national claims information database (NCID) mid-year report focused on private motor insurance on Tuesday.

AIB’s survey of purchasing managers in the manufacturing sector will be published today.

The rate of job creation was the highest in eight months, according to May’s survey.

AIB’s services purchasing managers index will be released on Wednesday.

The Irish services sector recorded a rise in activity last month, while numbers employed in the industry also increased.

The strongest growth in May was recorded in the Irish tech, media and telecoms subsectors. This growth followed two months of sluggish expansion in March and April. Financial services ranked second, followed by business services and transport and tourism.

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