Nearly a quarter of Irish businesses have ceased trading temporarily, new figures reveal

Almost a quarter of Irish businesses have ceased trading temporarily while almost half had availed of the temporary Covid-19 wage subsidy scheme according to a new business survey from the Central Statistics Office (CSO).

The online survey was sent to a sample of 3,000 businesses. Statistician, Colin Hanley, said 23.3% had ceased trading temporarily, 0.6% had ceased trading permanently, and 76.0% continued to trade.