IJG Business Climate Monitor June 2018
The IJG Business Climate Monitor improved slightly in June on the back of increased building plans and vehicle sales and a rise in credit extension to the private sector. However, the leading indicator, which predicts future trends, remained below the 50 point mark – meaning contractions in the economy are still expected.
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Business Index Breaches 50 Point Mark
The IJG Business Climate Monitor improved to 50.99 points in February, the Institute of Public Policy Research said this week.
This is the first time since December 2016 that the index has been above the 50-point mark.
The leading indicator also showed improvement, climbing to 46.7 points.
“The improvement in the index indicates that the economy is slowly recovering, and should this persist, signals a return to growth in 2018 after the contraction experienced in 2017,” the institute said.
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An assessment of Namibian business conditions based on a nationwide survey
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