Bloomberg News

German Growth May Have Slowed in Second Quarter, Ministry Says

July 19, 2012

The German economy probably slowed in the second quarter as industrial production weakened, the Finance Ministry said.

Even so, tax revenue rose 7.5 percent in June from a year earlier, led by intake at federal level, while six-month revenue increased 4.4 percent from the same year-earlier period, the Berlin-based ministry said in its monthly report.

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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