Overall Private sector credit extension (PSCE) increased by N$718.4 million or 0.8% m/m in December, bringing the cumulative credit outstanding at the end of 2017 to N$90.2 billion. On a y/y basis, private sector credit extension increased by 5.2% in December, increasing at a quicker rate than the 4.5% recorded… Continue reading
835 New vehicles were sold in December, a decrease of 18.9% m/m and 20.6% y/y. Year-to-date 13,202 new vehicles have been sold, a 20.1% decrease from December last year, the lowest annual vehicle sales figure since 2011. New vehicle sales are now down 41.7% from their peak, reflecting the pressures… Continue reading
A total of 116 building plans were approved in December and represents a 50.6% m/m decline from the 235 building plans approved in November. In value terms approvals decreased by over N$70 million, registering approvals worth N$100 million in December. The 2017 calendar year saw the City of Windhoek approve… Continue reading