Germany's economic growth slowed 'somewhat' in the second quarter amid weak industrial production, the Finance Ministry said in its monthly report on Friday.
The economy is likely to grow at a moderate pace during the rest of the year, it said. Despite slower growth, tax revenues increased 7.5 percent in June to EUR 57.2 billion.
Official second quarter gross domestic product data is due on August 14. The largest Eurozone economy expanded 0.5 percent in the first quarter.
During the first half of 2012, government expenditure fell 1.5 percent from a year ago.
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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.