ESRI Nowcast (as of 19 September 2024)
September 19, 2024
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- As of 19th September, the ESRI's 2024Q3 nowcast estimates that MDD is growing at 3.2% year-on-year. This is the first nowcast of 2024Q3 and is based on a full complement of data from July.
- Decomposing the key drivers of this month’s nowcast estimate show that robust tax revenues and strong growth in house prices (both of which are included in the ‘other’ component of the decomposition above) contributed most to growth.
- Weaker consumption data compared to July 2023 had a negative impact on the estimate.