August 2024 sees 15% reduction in vehicle sales

August 2024 sees 15% reduction in vehicle sales

Vehicle sales dropped to 995 units in August, down from 1,172 in July 2024 and 1,101 in August 2023, reflecting declines of 15.1% month-on-month and 9.6% year-on-year. The decrease affected both passenger and commercial vehicles. Here's Simonis Storm Economist, Halleluya Ndimulunde.

September 18, 2024 35

Local

The Namibian economy is expected to grow by 3.1 percent in 2024

The Bank of Namibia released the Economic Outlook for August 2024 with the domestic economy estimated to expand by 3.1 percent in 2024 and by 3.9 percent in 2025. Global and Regional Outlook Global economic growth is projected to remain low in 2024 before improving slightly in 2025. Global growth is projected to slow down to 3.2 percent in 2024, from 3.3 percent in 2023, before rising moderately to […]

August 8, 2024 16