Namibia shows strong 5.3% growth

Weekend Argus (Saturday Edition) - - BUSINESS -

NAMIBIA’S econ­omy grew 5.3 per­cent year- on- year in the third quar­ter com­pared with a re­vised 2.7 per­cent in Q2, mainly due to strong growth in the man­u­fac­tur­ing and agri­cul­tural sec­tors, the sta­tis­tics of­fice said.

Con­sumer in­fla­tion braked to 4.4 per­cent year-on-year in Novem­ber from 4.9 per­cent in Oc­to­ber and to 0.2 per­cent on a month-on-month ba­sis from 0.4 per­cent pre­vi­ously.

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