German Ifo business climate index dropped to 86.6 in August, remaining pessimistic.

German business sentiment fell less than expected in August, but remained pessimistic as the Ifo business climate index dropped to 86.6, down from 87.0 in July. Companies assessed their current situation as worse and business expectations dipped slightly, but remained higher than anticipated. Germany's economy is experiencing ongoing uncertainties, influenced by domestic and international economic pressures, with the need for strategic economic policies emphasized.