Annual inflation declined to 6.3% y/y in May, 0.4% y/y lower than April, while prices increased by 0.1% m/m. The lower annual figure was due to further moderation of food price inflation with is currently at 3.7% y/y, down from the 2016 average of 10.8%. Of the twelve basket items,… Continue reading
Vehicle sales remained lacklustre in May with 1,118 vehicles were sold. This is a 27.2% y/y decrease from the 1,535 vehicles sold in May 2016 but 18.2% m/m higher than the 946 vehicles sold in April. Year to date 5,527 vehicles have been sold, 24.4% less than the corresponding period… Continue reading
A total of 182 building plans were approved in May with a value of N$655.5 million, while 47 buildings with a value of N$25.1 million were completed. Although the number of plans approved remains relatively low, the value of plans approved saw a sharp increase, as N$501.2 million worth of… Continue reading