THE Institute for Public Policy Research (IPPR) tracks business confidence in Namibia on a monthly basis through the IJG Business Climate Monitor.
The monitor is based on the perceptions of the private sector, their market experience and the macro-economic environment.
The IJG Business Climate Index (BCI) consists of 13 unweighted sub-indices like the National Consumer Price Index (NCPI), the deflated average price of beef and mutton, the deflated average price of white fish, as well as the deflated average metal price.
It also consists of the unweighted exchange rate of the Namibia dollar against the US dollar and the euro, as well as the unweighted average of selected leading composite indicator like the demand diamond price of the Organisation of Economic Co-operation and Development (OECD).
Furthermore the BCI is based on the total number of vehicle sales, the real value of building plans passed, the Local Index of the Namibian Stock Exchange (NSX), the total number of business registrations, real private sector (businesses and individuals) credit extension, the prime lending rate and the average deflated price of international crude oil.
Besides the BCI, these indicators are also used to compile the Investment Index, the Consumption Index, the Export Index, as well as the Leading and the Coincident Indicators.
jo-mare@namibian.com.na
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