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German Investor Morale Rises
German Investor Morale Rises

German Investor Morale Rises

German Investor Morale Rises

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, Reuters reported. 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 eurozone as a whole are gradually improving, further strengthening the economic environment for German exports.”

 

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