AP News

German tax income keeps rising in September


BERLIN (AP) — Germany's Finance Ministry says the country's tax income is still growing as output in Europe's biggest economy expands and unemployment remains low.

But its monthly report renews a warning that a weaker winter lies ahead.

The ministry said Monday that Germany's federal and state governments took in nearly €50.8 billion ($66.1 billion) in September — up 4.2 percent from a year earlier. Over the year's first nine months, tax income was up 5.6 percent at €403.4 billion.

The government says the economy grew slightly in the third quarter, though actual figures haven't yet been released. The Finance Ministry cautioned again that a "significant economic weakening" is likely in the fourth quarter.

Still, Germany is expected to see further growth next year even as many other European economies contract.


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