As anticipated, the manufacturing activities took a hit across the United States for April 2020 with ISM Manufacturing Index melting to 41.5 from its March level of 49.1.
- The New Orders Index registered a decline of 15.1 percentage points from its March reading to stand at 27.1 per cent in April.
- However, the index performed better than the market expectation of 36.7.
- All the important components – production, new orders and employment collapsed and remained consistent with a deeper contraction than during the financial crisis.
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.