CSIRO researchers have weighed in with their view on the significance of the possible El Niño conditions warning
Following The Bureau of Meteorology announcement that we can expect to move out of the current neutral phase of the El Niño-Southern Oscillation (ENSO). We have been in a neutral phase of ENSO since the “triple dip” of La Niña over three consecutive years ended earlier this year. The Bureau’s recently released El Niño ‘alert’ follows climate […]
Used Vehicle Price Index shows that models continue to increase in value
Moody’s Analytics has published a report that shows for the second consecutive quarter, seasonally adjusted used-vehicle prices in Australia have increased. In May, they were 2.17% higher than in April and 2.7% higher than at the beginning of the year. However, while the recent strength in the Australian used-vehicle prices can be attributed to a […]
Correction on forecasts called by ABARES as La Nina retreats and El Nino looms
The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier-than-normal conditions after three record harvests during wetter conditions La Nina years. Executive Director of ABARES Dr Jared Greenville said the reduction was to be expected after the records broken in the past three years. “The value of […]