Australias new home sales plunged 131 percent month-on-month in July of 2022 swinging from a 19 percent gain in June data from the Housing Industry Association HIA showed. If this decline in sales is sustained which is expected then.
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It was the strongest GDP growth since Q2 2021 mainly boosted by domestic demand as the economy re-emerged from COVID curbs.
. Malaysias economy advanced by 89 yoy in Q2 of 2022 accelerating sharply from a 50 growth in Q1 and easily beating market consensus of a 67 rise. The decline reflected the impact of the recent increases in the cash rate with builders reporting fewer enquires and visits to display sites. Household consumption picked up strongly 183 vs 55 in Q1 as did fixed investment.
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