German investor confidence dips in June

(MENAFN) According to a survey published, German investor confidence dropped again in June for the sixth consecutive month, missing economists' expectations, Xinhua reported. The Center for European Economic Research (ZEW) said that its indictor for German economic expectations fell by 3.3 points to stand at 29.8 points in June. The decline was notably less significant than a decrease in May, in which the indicator dropped by 10.1 points, but missed economists' expectation that investors' confidence would improve this month. "The German economy is currently in a very good shape, but further increases are becoming more difficult," said ZEW president Prof. Clemens Fuest.