May 16, 2017 / 9:21 AM / 3 months ago

German investor morale rises as economy "in good shape"

BERLIN, May 16 (Reuters) - The mood among German investors improved further in May to reach its highest since July 2015, a survey showed on Tuesday, in a further sign that political uncertainties which have clouded the growth outlook for Europe's biggest economy are evaporating.

The Mannheim-based ZEW research institute said its monthly survey showed its economic sentiment index rose to 20.6 from 19.5 points in the previous month. The Reuters consensus forecast was for a rise to 22.0.

A separate gauge measuring investors' assessment of the economy's current conditions rose to 83.9 points from 80.1 in April. This compared with the Reuters consensus forecast which predicted a reading of 82.0.

"The German economy is in good shape," ZEW President Achim Wambach said in a statement. "The prospects for the euro zone as a whole are gradually improving, further strengthening the economic environment for German exports."

Reporting by Michael Nienaber and Paul Carrel; Editing by Michelle Martin

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