European Economic News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

German Govt. Says GDP Growth Slowed In Q2

7/20/2012 8:23 AM ET

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News