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.
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.