Germany's economic activity is likely to moderate over the rest of the year, the Finance Ministry said in a report on Thursday.
Tax revenues fell 4.3 percent in May from a year ago. The government collected EUR 40.26 billion as tax in May. During January to May, revenues grew 3.6 percent.
Nonetheless, the central bank forecast economic momentum to gain pace in the second half of the year. Bundesbank projects 1 percent growth for this year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.