German IFO Business Climate Index eases to 89.3 in May vs. 90.3 expected

• German IFO Business Climate Index misses estimates with 89.3 in May.
• IFO Current Economic Assessment Index declines to 88.3 in the reported month.

The headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4. The market expectation was 90.3.

more to come ....