Nowcast (as of 22 January 2026)
January 22, 2026
- As of January 22nd, the ESRI's 2025Q4 nowcast estimates that MDD is growing at 4.3% year-on-year. This is up on the 3.8% estimate from last month and is based on data from October and November.
- Decomposing the key drivers of this month’s nowcast show that industrial production output, consumption, housing, fiscal and price data contributed positively to the estimate.
- On the other hand labour and financial data had a negative impact on the estimate.