Completed Buildings Hit N$1,2 Billion in November

THE number of buildings completed for November decreased and stood at 109 points compared to 277 points recorded in October 2014 representing a decline of 60,7% on a monthly basis.

According to the latest economic sectors’ report of the Namibia Statistics Agency, the decline was due to a decrease in additions and alterations.

The agency said with the exceptions of July and October, on average the composite index of buildings completed from January to November is high compared to the corresponding period in 2013 and stood at 146 points as compared to 120 points represents an increase of 21,7%.

In value terms, however, on average the buildings completed stood at N$1,216 billion compared to N$999 million in October.

The index level of buildings completed for Swakopmund municipality gained 276 basis points from a low base of October 2014, recording 382 basis points in November, an increase of 261,7% on monthly basis and an increase of 33,2% on a yearly basis.

This is the second highest index level registered for 2014, the highest of which was recorded in August 2014.

Walvis Bay municipality recorded an index level of 132 points, a decline of 55,6% on a monthly basis and 26,8% on a yearly basis.

The City of Windhoek performed poorly recording an index level of 65 basis points almost five times lower than the index level of 319 basis points recorded in October.

ELECTRICITY SALES

The electricity sales composite index went down in November from 123 recorded in October to 120, while it remained unchanged when compared to the corresponding month of November 2013.

The exports of electricity index shot up from 53 in October to 59 in November and a major decline of 41,9% was recorded compared to November 2013.

LIVESTOCK

The composite index of livestock marketed fell sharply from 100,9 in October to recorded 72,3 basis points during November. In volume terms, the total number of livestock marketed declined by 34,1% on a monthly basis while livestock marketed declined by 48,5% on a yearly basis.

The total transport index jumped by 10,2 basis points when compared to the previous month of October, registering an index of 79,8.

Source : The Namibian