In July 2020, despite the hindrance experienced due to flood and second wave of COVID-19, there was an increase in the factory activity. This boosted the official manufacturing Purchasing index from 50.9% in June to 51.1% in July 2020.
China was able to recover from the strict lockdown which was said to weaken the Chinese economy. The new export orders dropped at a lower rate as compared to June 2020. This is because of the continued pressure on external demand.
Companies also fired more employees that they hire.
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.