German business climate deteriorates slightly in April: Ifo

The headline German Ifo Business Climate figure came in at 106.6 points in April versus 106.7 seen in March, and opposed to expectations of 107.1.

The Ifo Current Assessment sub-survey, indicating current conditions in Euro zone’s most powerful economy, dropped to 113.2 points, below last month's 113.8 and estimates at the same level.

While the Ifo Expectations Index, indicating firms' outlook for the next six months, grew to 100.4 points, beating the previous figure of 100, while the markets had predicted a 100.9 reading.