The U.S. Census Bureau announced the advance estimates of U.S. retail and food services sales for May 2020.
During May 2020, advance estimates of U.S. retail and food services sales increased by 17.7% to A$485.5 billion as compared to April 2020. Total sales for the March 2020 through May 2020 period declined 10.5% as compared to the previous corresponding period.
Retail trade sales increased 16.8% from April 2020 while below 1.4% on pcp. Nonstore retailers improved 30.8% from May 2019 and building material & garden equipment and supplies dealers by 16.4%.
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.