Many households build up savings during lockdown

According to a report in The Irish Times yesterday bank deposits rose to €5.3 billion between April and the end of June. During the same period last year bank deposits stood at €2 billion

Central Bank figures show that some households were able to save  money.

Because of the lockdown there was a substantial drop in consumer spending, while at the same time the Government's wage support scheme helped keep incomes for many households at or close to pre-Covid levels.