ESRI Nowcast (as of 24 March 2025)
March 24, 2025
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- As of 24 March, the ESRI's 2025Q1 nowcast estimates that MDD is growing at 2.5% year-on-year. This is the first estimate for 2025 and is based on January data only.
- Decomposing the key drivers of this month’s nowcast show that strong sentiment indicators contributed positively to the estimate.
- On the other hand, weaker consumption data compared to the same period in 2024 had a negative impact on the estimate.