The Australian Bureau of Statistics (ABS) has recently reported that country has recorded a current account surplus of $7.9 billion in seasonally adjusted terms in the September quarter 2019. The current account surplus was driven by a narrowed net income deficit of $13.0 billion and largest quarterly goods and services surplus of $21.1 billion. ABS data also highlighted the following:
- Balance on goods and services surplus increased by $1.8 billion to $21 billion in the quarter.
- The surplus on goods and services improved by $0.96 billion to $9.3 billion in the quarter.
- At 30 September 2019, Australia's net IIP liability position stood at $976 billion.
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.