Welcome to the web site of Economic Research
Keep abreast of the latest economic graphics commented by Credit Agricole economists
Growth slowed to 7% in Q1, compared with a figure of 7.3% in the last 3 months of 2014, its lowest level for 6 years. Industrial production, retail sales and investment all continued to mark time in March, also. Industrial production rose by 5.6% y/y that month, retail sales by 10.2%, and investment by 13.5%, compared with rises of 6.8%, 10.7% and 13.9% respectively in the previous month.
Household confidence levels are also up (+3 over the quarter, at 93) and the "opportunity to make major purchases" component (which correlates well with consumer durable spending) is now running at close to its trend level.
The quality of the governance is mediocre (even in Malaysia, where it is slightly better than elsewhere). This is especially true in Indonesia, the Philippines and Vietnam as regards rule of law issues and control of corruption. This is damaging for businesses and, more generally, to the efficiency of the economy as a whole.
Prices for pre-owned homes continued to fall very slowly. They began to fall in 2012, by 2.1% over the 12 months to Q4, and in 2013, by 1.9% over the 12 months to Q4. We saw a similar drop in 2014, at 2.2% in the 12 months to Q4. The cumulative fall in prices in the pre-owned sector since the start of the correction in late 2011 has, therefore, been very small, at 7%.
Opinion polls continue to show the governing centre-right Conservative Party and the main opposition centre-left Labour Party neck and neck in voting intentions, each attracting around 35% of voting intentions.
Sectors, regions, videos, graphics... all the economic information that you needs !