1. Primary Sector
1.1 Mining Index
The WEI indicates that the diamond index grew with 16.86% year on year in October 2018.
2. Secondary Sector
2.1 Secondary Sector Index
The construction sector grew by 37.28% year on year October as it has been indicating a strong growth for the past four consecutive months.
3. Tertiary Index
3.1 Transport Index
3.1.1 Diesel Sales and Hosea Kutako Arrivals
WEI uses diesel sales as a variable for transportation in commercial activities. The transportation companies remain under pressure due to diesel price increase and the job losses continues in the sector.
3.2 Retail Index
3.2.1 Vehicles and Petrol Sales Index
Vehicle sales is an indicator of consumer behavior and petrol sales is a proxy for retail activity. The retail sector is heavily dependent on consumer confidence.
4. Financial Sector
4.1 Instalment Sales
Both Individual and Business Instalment Sales Index continues to be under pressure as indicated in the figure below. Individual Instalment Sales Index grew with a negative growth 5.29%% year on year as well as the Business Instalment Sales Index that grew with a negative growth of 7.71% respectively. This could lead to further liquidity constraints in the banking sector.
