ABS has reported a fall in the Australian retail turnover by 17.9% in April 2020, in seasonally adjusted terms.
The figures provided by ABS are the preliminary figures and are subject to revision and it shows drop in each industry, with strong drop seen particularly in food retailing, cafes, restaurants and takeaways, and clothing, footwear and personal accessories.
The food retailing industry witnessed a strong growth during March 2020 because of the unprecedented demand, but dropped 17.1% in April 2020 from March 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.