Overall Total credit extended to the private sector (PSCE) decreased by N$476.2 million or 0.46% m/m in July, bringing the cumulative credit outstanding to N$102.24 billion. On a year-on-year basis, private sector credit increased by 1.9% y/y in July, compared to 2.3% y/y in June. This represents the second-lowest level… Continue reading
A total of 666 new vehicles were sold in July, representing a 13.2% m/m decrease from the 767 new vehicles sold in June, and a 26.3% y/y decline from the 904 new vehicles sold in July 2019. Year-to-date 4,182 vehicles have been sold of which 1,757 were passenger vehicles, 2,156… Continue reading
The Namibian annual inflation rate remained unchanged at 2.1% y/y for a third consecutive month. Prices increased by 0.2% m/m, as inflationary pressures remain muted. On an annual basis, prices in three of the twelve basket categories rose at a quicker rate in July than in June. Two categories remained… Continue reading