Australian retail turnover climbed by 16.9% in May 2020, seasonally adjusted, as per the latest Retail Trade figures by the Australian Bureau of Statistics (ABS).
The gradual reduction in the regulations of social distancing, including the re-opening of stores, strengthened retail trade in May.
Moreover, the retailers across various industries reported elevated numbers of customers coming back to stores, with a few retailers mentioning that levels comparable to those observed in December.
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.