1,058 New vehicles were sold in November, a decrease of 3.8% m/m and 18.1% y/y. Year-to-date 12,435 new vehicles have been sold, a 19.6% decrease from November last year. On a cumulative 12-month basis 13,486 new vehicles have been sold, the lowest level since March 2013. This represents a decline… Continue reading
The Namibian annual inflation rate remained at 5.2% y/y in November, unchanged from October. Prices increased by 0.3% m/m. Prices for food and non-alcoholic beverages, which has largely been the reason for the slowdown in annual inflation, continue to increase at slower pace. On a year on year basis, overall… Continue reading
A total of 235 building plans were approved in November and represents a 46.9% m/m increase from the 160 building plans approved in October. In value terms approvals increased by more than N$80 million to N$172 million in October from N$88.46 million approved in September. Total completions fell from the… Continue reading