Indices Report

ESRI Nowcast (as of 22 January 2025)

January 23, 2025
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Related Press Release
  • As of January 22nd, the ESRI's 2024Q4 nowcast estimates that MDD is growing at 3.6% year-on-year, down 0.1% from last month's estimate. This is the second Q4 estimate and is based on October and November data. Please not that due to distortions from the Apple tax proceeds, fiscal variables have been temporarily removed from this month's nowcast estimate.
  • Decomposing the key drivers of this month’s nowcast show that strong sentiment and house price data contributed positively to the estimate.
  • On the other hand, weaker consumption data compared to the same period in 2023 had a negative impact on the estimate.