593 New vehicles were sold in August, an 11.0% m/m contraction from the 666 vehicles sold in July, and a 26.6% y/y decline from the 808 new vehicles sold in August 2019. Year-to-date 4,776 vehicles have been sold of which 1,962 were passenger vehicles, 2,479 were light commercial vehicles, and… Continue reading
The City of Windhoek approved a total of 235 building plans in August, 10 fewer than in July. In value terms approvals fell by N$29.2 million to N$111.9 million, a 20.7% m/m and 17.4% y/y decrease. A total of 275 completions to the value of N$395.0 million were recorded in… Continue reading
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