Indices Report

ESRI Nowcast (as of 20 February 2025)

February 20, 2025
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Related Press Release
  • As of February 19th, the ESRI's 2024Q4 nowcast estimates that MDD is growing at 3.9% year-on-year, up 0.3% from last month's estimate. This is the final Q4 estimate and is based on October, November and December data.
  • Decomposing the key drivers of this month’s nowcast show that strong production output and tax receipts contributed positively to the estimate.
  • On the other hand, weaker consumption data compared to the same period in 2023 had the strongest negative impact on the estimate.