767 New vehicles were sold in June, an increase of 62.8% m/m from the 471 new vehicles sold in May. However, this is a decrease of 21.5% y/y from the 977 new vehicles sold in June 2019. Year-to-date 3,517 vehicles have been sold, of which 1,530 were passenger vehicles, 1,766… Continue reading
Overall Total credit extended to the private sector (PSCE) declined by N$129.9 million or 0.13% m/m in May, bringing the cumulative credit outstanding to N$102.29 billion. On a year-on-year basis, private sector credit increased by 1.8% in May, compared to 3.4% in April. This is the lowest annual growth rate… Continue reading
The Namibian annual inflation rate ticked up slightly to 2.1% in May, following the 1.6% y/y increase in prices recorded in April. Prices in the overall NCPI basket increased by 0.4% m/m. Namibian inflation thus remained at historically low levels in May. On a year-on-year basis, overall prices in eight… Continue reading