A Pair of Positives from Disappointing Indonesia 1Q GDP Data

        0522 GMT [Dow Jones] Although Indonesia's 1Q GDP data disappoints (+5.2% vs forecast +5.6%), there are at least a pair of positive notes to be taken, DBS says. The first one is household consumption grew at a robust 5.6% on-year, the second is investment (gross fixed capital formation) grew by 5.1%. "These are actually some decent data that indicate the domestic economy staying somewhat strong," says DBS economist Gundy Cahyadi. "Investment growth was the key drag to the economy in 2013, and a strong recovery this year will be significant for prospects looking into 2015 and beyond." (andreasismar.sandiwan@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 01:22 ET (05:22 GMT)