Bloomberg News

German Economic Expansion to Slow, Finance Ministry Report Says

June 20, 2012

Germany’s economic expansion is set to slow in the course of the year, the Finance Ministry said in its monthly report, citing weaker indicators.

German tax revenue fell 4.3 percent in May from a year earlier, hurt by changes in tax collection that’s delaying inflows by several months, the ministry in Berlin said in the report published today. Tax revenue in the first five months rose 3.6 percent from a year earlier, it said.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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