ESRI Nowcast (as of 18th April)
April 18, 2024
- As of April 18th, the ESRI's 2024Q1 nowcast estimates that MDD is growing at 2.3% year-on-year.
- This is based on data from January and February 2024 and is down slightly (-0.2 percentage points) compared to last month’s estimate.
- Decomposing the key drivers of this nowcast estimate show that price level data and industrial output were among the main positive contributors while consumption on the other hand had a negative impact on the estimate.