ESRI Nowcast (as of 16th May)
May 16, 2024
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- As of May 16th, the ESRI's 2024Q1 nowcast estimates that MDD is growing at 2.3% year-on-year, unchanged from last month's estimate.
- This is the final nowcast of 2024Q1 and is based on data from January, February and March.
- Decomposing the key drivers of this month’s nowcast estimate show that industrial output as well as positive consumer sentiment relative to March 2023 contributed positively while consumption, mainly driven by a fall in vehicle registrations, had a negative impact on the estimate.