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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.