The Namibian annual inflation rate remained relatively steady at 2.3% y/y in October, following the 2.4% y/y uptick in prices in September. Prices in the overall NCPI basket increased by 0.1% m/m, as inflationary pressure remains muted. On a year-on-year basis, overall prices in six of the twelve basket categories… Continue reading
A total of 559 new vehicles were sold in October, representing a 36.1% m/m decline from the 875 vehicles sold in September, and a 42.4% y/y contraction from the 971 new vehicles sold in October 2019. Year-to-date 6,215 vehicles have been sold of which 2,542 were passenger vehicles, 3,233 were… Continue reading
Overall Total credit extended to the private sector (PSCE) decreased by N$106.9 million or 0.1% m/m in September, bringing the cumulative credit outstanding to N$102.88 billion. On a year-on-year basis private sector credit extension increased by only 1.5% y/y in September, compared to 2.2% growth recorded in August. This represents… Continue reading