The Namibian annual inflation rate slowed to 1.6% in April, from 2.4% y/y in March. This is the lowest annual increase in inflation since June 2005. On a month-on-month basis, prices decreased by 0.3%, following the 0.1% m/m increase in March. Overall, prices in four of the basket categories rose… Continue reading
A total of 50 new vehicles were sold in April, a 93.4% m/m contraction from the 759 vehicles sold in March. Year-to-date, 2,279 vehicles have been sold of which 965 were passenger vehicles, 1,149 light commercial vehicles, and 165 medium and heavy commercial vehicles. On a twelve-month cumulative basis, vehicle… Continue reading
Overall Total credit extended to the private sector (PSCE) decreased by N$130.5 million or 0.13% m/m in March, bringing the cumulative credit outstanding to N$103.6 billion. This is the second consecutive month that we have seen a month-on-month contraction in credit extension. On a year-on-year basis, private sector credit extension… Continue reading