German IFO Business Climate Index declines to 85.7 in August vs. 86.7 expected

• German IFO Business Climate Index came in at 85.7  in August.
• IFO Current Economic Assessment fell to 89.0 this month.
• The August German IFO Expectations Index arrived at 82.6.

The headline German IFO Business Climate Index dropped further to 85.7 in August versus last month's 87.4 and the market expectations of 86.7.

more to come ..