German IFO Business Climate Index declines to 84.7 in December vs. 85.6 expected

• German IFO Business Climate Index misses estimates with 84.7 in December.
• The IFO Current Economic Assessment Index rose to 85.1 in the reported month.

The headline German IFO Business Climate Index dropped to 84.7 in December from 85.7 in November. The data came in below the consensus 85.6 print.

Meanwhile, the Current Economic Assessment Index rose to 85.1 in the same period from 84.3 in November, beating the estimated 84.0 figure.