Australia’s home-price growth showed further signs of cooling in December as deteriorating affordability and rising borrowing costs help take some heat out of the market.
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Australia’s economy expanded faster than forecast in the first three months of the year led by household consumption, bolstering the case for the central bank to keep raising interest rates.
Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter.