The Namibian annual inflation rate remained at 5.2% y/y in November, unchanged from October. Prices increased by 0.3% m/m. Prices for food and non-alcoholic beverages, which has largely been the reason for the slowdown in annual inflation, continue to increase at slower pace. On a year on year basis, overall… Continue reading
A total of 235 building plans were approved in November and represents a 46.9% m/m increase from the 160 building plans approved in October. In value terms approvals increased by more than N$80 million to N$172 million in October from N$88.46 million approved in September. Total completions fell from the… Continue reading
Overall Private sector credit extension (PSCE) increased by N$180.2 million or 0.20% m/m in October, bringing the cumulative credit outstanding to N$89.0 billion. On a y/y basis, credit extended to the private sector rose by 5.2% in October, marginally slower than the growth of 5.24% recorded in September. Growth in… Continue reading