Business / EconomicsSUV Demand Cushions Slump in Car Sales Passenger vehicle sales saw a sharp 31.2% month-on-month decline in May, though annual figures showed a slight 0.22% uptick. Simonis Storm’s Almandro Jansen attributes the monthly drop to April’s unusually high sales, while noting continued buyer interest driven by favorable credit conditions and demand for smaller SUVs and hatchbacks. today24 June, 2025
insert_link Business / EconomicsPrivate Sector Credit Hits 2-Year High Amid Business Confidence Local Private Sector Credit Extension surged to 4.1% in January this year, its fastest pace since early 2023. The growth is driven by stronger corporate lending, signaling renewed confidence, while household credit demand remains subdued. Almandro Jansen is an economist at Simonis Storm: today5 March, 2025
Business / EconomicsJanuary Vehicle Sales Up Year-on-Year but Drop Monthly Records indicate 966 new vehicle sales in January, a 1.7% increase from January 2024 but a 12.2% decline from December 2024. Economist Almandro Jansen attributes the drop to seasonal trends and post-holiday financial constraints. today25 February, 2025
insert_link Business / EconomicsInflation Falls, But Monthly Rate Rises Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen: today13 February, 2025
