AGL 37.70 Decreased By ▼ -0.45 (-1.18%)
AIRLINK 122.23 Increased By ▲ 0.72 (0.59%)
BOP 5.88 Increased By ▲ 0.03 (0.51%)
CNERGY 3.73 Decreased By ▼ -0.02 (-0.53%)
DCL 8.36 Decreased By ▼ -0.04 (-0.48%)
DFML 40.82 Decreased By ▼ -0.07 (-0.17%)
DGKC 84.35 Decreased By ▼ -0.25 (-0.3%)
FCCL 32.70 No Change ▼ 0.00 (0%)
FFBL 65.95 Increased By ▲ 0.45 (0.69%)
FFL 9.98 Decreased By ▼ -0.07 (-0.7%)
HUBC 104.60 Increased By ▲ 0.80 (0.77%)
HUMNL 13.25 No Change ▼ 0.00 (0%)
KEL 4.37 Decreased By ▼ -0.06 (-1.35%)
KOSM 7.10 Increased By ▲ 0.01 (0.14%)
MLCF 37.49 Decreased By ▼ -0.01 (-0.03%)
NBP 60.68 Increased By ▲ 0.43 (0.71%)
OGDC 171.80 Decreased By ▼ -0.45 (-0.26%)
PAEL 24.80 No Change ▼ 0.00 (0%)
PIBTL 5.73 Increased By ▲ 0.03 (0.53%)
PPL 142.15 Increased By ▲ 0.46 (0.32%)
PRL 22.82 Increased By ▲ 0.10 (0.44%)
PTC 14.75 Increased By ▲ 0.01 (0.07%)
SEARL 65.00 Increased By ▲ 0.44 (0.68%)
TELE 7.05 Decreased By ▼ -0.09 (-1.26%)
TOMCL 35.51 Increased By ▲ 0.01 (0.03%)
TPLP 7.33 Increased By ▲ 0.04 (0.55%)
TREET 14.29 Increased By ▲ 0.09 (0.63%)
TRG 51.60 Decreased By ▼ -0.15 (-0.29%)
UNITY 26.50 Decreased By ▼ -0.10 (-0.38%)
WTL 1.22 No Change ▼ 0.00 (0%)
BR100 9,519 Increased By 36.4 (0.38%)
BR30 28,463 Increased By 91.9 (0.32%)
KSE100 89,137 Increased By 170.5 (0.19%)
KSE30 27,813 Decreased By -14.2 (-0.05%)

Indonesia's economy grew at its slowest pace in 2 1/2 years in the first quarter, hurt by slowing private consumption, lower investment and a contraction in mining services, suggesting the government's projection for the year may be too optimistic.
The announcement on Monday of lower-than-expected gross domestic product growth of 6.02 percent in the January-to-March period follows Standard & Poor's downgrade of Indonesia's outlook last week, to stable from positive, because of concerns over stalling reforms.
The data also complicates the government's policy options, adding pressure to reduce strained public finances even as it faces public resistance to any cuts to popular but expensive fuel subsidies. A Reuters poll of 11 analysts had predicted first-quarter growth of 6.18 percent, and a 1.50 percent rise on a quarterly and seasonally unadjusted basis. The slowdown in the latest quarter compares with 6.11 percent growth in the previous quarter, and underlines the drag on Southeast Asia's largest economy from sharp declines in commodity prices and depressed capital spending as the recovery in the United States and China loses momentum.

Copyright Reuters, 2013

Comments

Comments are closed.