The Namibian annual inflation rate slowed to 3.8% y/y in May, with prices in the overall NCPI basket increasing by 0.3% m/m. On a year-on-year basis, overall prices in three of the twelve basket categories rose at a quicker rate in May than in April, while six of the basket… Continue reading
May observed 792 new vehicle sales, an increase of 4.9% m/m from the 755 vehicles sold in April. As at 31 May, 4,052 new vehicles were sold for the year, of which 1,849 were passenger vehicles, 1,887 light commercial vehicles, and 316 medium and heavy commercial vehicles. By comparison, the… Continue reading
Overall Private sector credit (PSCE) fell by N$41.3 million or 0.04% m/m in April, bringing the cumulative credit outstanding to N$105.2 billion. On a year-on-year basis, private sector credit grew by 2.74% in April, compared to the 1.55% y/y growth recorded in March. On a rolling 12-month basis, N$2.81 billion… Continue reading