German investor confidence down in November

(AP) A survey shows that German investor confidence has unexpectedly slipped this month on expectations that Europe's largest economy will cool over the next six months.

The ZEW institute said Tuesday that its confidence index fell to minus 15.7 points in November from minus 11.5 last month. Economists had expected a third straight monthly increase.

ZEW said that this month's drop may be due to disappointing indicators such as poor industrial orders.

Figures on Thursday are expected to show that Germany grew in the third quarter, albeit modestly. Many economists think Germany may slacken further over the winter months.