A new survey has shown that investor confidence in Germany slipped unexpectedly in June as the current strong momentum in the country's economy was expected to slow.
The ZEW economic research institute's economic expectations index, based on a poll of 293 analysts and institutional investors, fell by 3.7 points to plus 20.3 points in June.
The decline was unexpected, as analysts had been projecting a further rise in the index to 29 points after it topped an 11-month high last month.
Analysts' and investors' assessment of current economic conditions 'remains excellent, but experts believe that the economic momentum won't accelerate further,' said ZEW president Wolfgang Franz.
The ZEW indicator represents the balance between positive and negative expectations for the economy over the next six months.
