New Vehicle Sales – April 2019

A total of 926 new vehicles were sold in April, a 1.1% m/m contraction from the 936 vehicles sold in March. Year-to-date, 3,291 vehicles have been sold of which 1,582 were passenger vehicles, 1,543 light commercial vehicles, and 166 medium and heavy commercial vehicles. On a twelve-month cumulative basis, new… Continue reading

PSCE – March 2019

Overall Total credit extended to the private sector (PSCE) decreased by N$4.3 million from a revised N$97.984 billion cumulative credit outstanding in February to N$97.979 billion in March. This is the first time since June 2017 that we have seen a month-on-month contraction in credit extension. On a year-on-year basis,… Continue reading