Nowcast (as of 15 October)
October 16, 2025
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- As of October 15th, the ESRI's 2025Q3 nowcast estimates that MDD is growing at 3.7% year-on-year, down 0.3% from last months estimate of 4.0%. This is the second estimate for 2025Q3 and is based on July and August's data.
- Decomposing the key drivers of this month’s nowcast show that industrial production output and housing were the main positive contributors to the estimate.
- On the other hand labour, consumption and survey data had a negative impact on the estimate.