WINDHOEK: Namibia’s manufacturing sector recorded a decline of 3.6 per cent in real value added for the first quarter of this year, compared to an increase of 10.4 per cent recorded for the same quarter in 2011.
This was revealed by the Namibia Statistics Agency (NSA) in its latest overview on the country’s economic development during the first quarter of 2012.
The main sub-sectors that have contributed to this negative performance were diamond-processing, fish-processing on shore and basic metals.
“Fish-processing on shore and basic metals recorded declines in real value added of 51.7 per cent and 6.1 per cent, respectively. The diamond-cutting and processing sector also registered a decline of 14.3 per cent in the period under review,” read the publication.
Beverages, on the other hand, recorded an increase of 16.7 per cent. This, however, was not significant enough to offset the decline in the country’s overall manufacturing sector.
According to the NSA, the country’s construction sector recorded a growth of 11.4 per cent for the first quarter of this year, compared to an increase of 18.3 per cent recorded in the same period last year.
“This performance is attributable to the construction works in the general government that registered a growth in real value of 33.1 per cent.
However, the value of building plans completed recorded a decline of 3.7 per cent during the period under review”, it said.