2024 Producer Price Index Update Reveals Mixed Sectoral Trends

2024 Producer Price Index Update Reveals Mixed Sectoral Trends

The Producer Price Index has been rebased to 2022, offering more accurate insights into the nation's economic trends. The new reference period, set for June , highlights a shift in price movements across sectors, with mining showing growth year-on-year, but a slight quarterly contraction. Meanwhile, manufacturing saw modest price reductions overall, though dairy and fish processing experienced notable increases. The updated PPI will provide businesses and policymakers with a clearer […]

November 22, 2024 13

Business / Economics

Private Sector credit declines in February 2024

Private sector credit extension decreased in February 2024 to 1.7% year-on-year down from 2.4% year-on-year in January 2024 and 3.1% year-on-year in February 2023. The trend reflects a continued slowdown in credit uptake, with growth consistently falling below the six-month moving average. Households were the main contributors to the credit uptake. Simonis Storm Economist, Halleluya Ndimulunde.

April 4, 2024 78

Business / Economics

Namibia’s export earnings declined in December

Namibia's export earnings declined by 1.9% to N$11.5 billion in December 2023 from N$11.8 billion in November 2023, while the import bill dropped by 25% to N$15.8 billion. Despite this, exports remained on an upward trend, reaching N$105.0 billion in 2023, exceeding the N$100 billion mark set in 2022 when it registered N$97.4 billion in exports. Here is the Namibia Statistics Agency spokesperson, Mirjam Shihepo.

February 6, 2024 27

Business / Economics

South Africa’s consumer inflation increases to 5.9-percent in October

South Africa’s annual consumer inflation increased for a third consecutive month in October, bordering on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5.9 percent, up from 5.4 percent in September. The consensus among economists before the inflation number was that the Reserve Bank will keep rates on hold when it announces its decision tomorrow.

November 22, 2023 6