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
Overall Total credit extended to the private sector increased by N$113.7 million or 0.13% m/m in April, bringing the cumulative credit outstanding to N$87.36 billion. On a year on year basis, credit extended grew by 8.1%, the slowest growth recorded since mid-2010. On a rolling 12-month basis, N$6.51 billion worth… Continue reading