Monthly report from the German finance ministry
- Tax revenue rose 1.3% y/y in November but that relatively low annual increase was due to inflated sales tax revenue numbers in Nov 2014
- 11-month revenue up 5% y/y
- "Moderate" upturn likely to continue in Q4 despite "relatively weak" demand from emerging markets
- Foreign indicators suggested "less dynamic exports" in the coming months
- Consumption supported by 'good' labor market
Exports 'less dynamic', better get the euro below parity.
