The Namibian annual inflation rate accelerated to 4.8% y/y in September, after moderating to 4.4% y/y in August. Notably, prices in the overall NCPI basket increased by 0.8% m/m in September compared to August where there was no overall change in the price index. On an annual basis prices in… Continue reading
982 New vehicles were sold in September, which represents a 7.4% m/m decrease from the 1,061 vehicles sold in August, and a 13.4% y/y decrease from September 2017. Year-to-date 9,052 vehicles have been sold of which 3,962 were passenger vehicles, 4,607 light commercial vehicles, and 483 medium and heavy commercial… Continue reading
Overall Private sector credit extension (PSCE) recorded it biggest monthly increase since November 2015, rising by N$1.37 billion or 1.5% m/m in August. Cumulative credit outstanding currently amounts to N$94.8 billion. PSCE growth accelerated to 7.1% y/y in August from 6.3% y/y in July. On an annual basis the growth… Continue reading