As per the data released by ABS indicating the impacts attributed to COVID-19, mainly regarding spend on new capital expenditure in March Quarter 2020. Key highlights.
- The total new capital expenditure was $27,964 million, indicating a decrease of -6.1 per cent on pcp basis and -1.6 per cent from December Quarter 2019.
- Buildings and structures had a spend of $14,699 million and Equipment, plant, and machinery had $13,265 million.
- Buildings and structures decreased by -7.9 per cent on pcp basis.
- Equipment, plant, and machinery dipped by -4.0 per cent on pcp basis.
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.