ESRI Nowcast (as of 22 May)
May 22, 2025
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- As of 22 May, the ESRI's 2025Q1 nowcast estimates that MDD is growing at 3.1% year-on-year, up 0.1% from last month's estimate. This is the final estimate for 2025Q1 and is based on all data from January, February and March.
- Decomposing the key drivers of this month’s nowcast shows that very strong output data contributed positively to the estimate.
- On the other hand, financial and weaker consumption data compared to the same period in 2024 negatively impacted the estimate.