ESRI Nowcast (as of 21 October 2024)
October 21, 2024
| Attachment | Size |
|---|---|
| Download PDF | 170.01 KB |
- As of October 21st, the ESRI's 2024Q3 nowcast esmates that MDD is growing at 3.0% year-on-year. This is down slightly from last month’s estimate of 3.2% and is based on data from July and August.
- Decomposing the key drivers of this month’s nowcast estimate show that robust tax revenues, strong growth in house prices and improved sentiment indicators contributed positively to the estimate.
- On the other hand, weaker consumption data compared to the same period in 2023 had a significant negative impact on the estimate.