Annual Building Plans Decline in May

THE value of buildings completed from January to May this year was N$385 million compared to N$518 million over the same period of 2013 and N$333 million in 2010, sectoral reports released by the Namibia Statistics Agency yesterday revealed.

THE value of buildings completed from January to May this year was N$385 million compared to N$518 million over the same period of 2013 and N$333 million in 2010, sectoral reports released by the Namibia Statistics Agency yesterday revealed.

As such, the plans approved so far are down 25,7% when compared to the levels seen in 2013.

Windhoek accounted for 62,1% of the total value of completed buildings at N$239 million, while other towns accounted for 37,9%, representing N$146 million.

Mining production declined to 103,7 points in May from 107,5 points in April, a decline of 3,5%. However, on an annual basis, the index increased by 2,7 points or 2,7%.

“This monthly decline was driven by a slowing in production for diamonds and zinc predominantly, while the production of copper and gold increased and uranium production largely remained unchanged,” the agency said.

The mining production index for May declined to 103,7 points from 107,5 points in April, a decline of 3,5%.

In May, the diamond production index stood at 97,7 on an annual basis increase of 12,2 points and a month on month decline of 6,6 points.

The uranium production index now stands at 93 points. Copper production index rose to 110,6 points in May from 76,3 in April and 64,2 in May 2013. The gold production index increased 101,1 points in may, while the zinc production index declined to 161,3 points during the month, from a level of 178,5 points recorded for April.

Beds and rooms occupancy rate indices for May stood at 114,3 and 126,6 compared to levels of 95,6 and 102,9 in May 2013.

The transport sector stood at 95,3 points in May down three percent in May last year.

Source : The Namibian

Leave a Reply