German business expectations "markedly pessimistic": report

FRANKFURT, June 26 (Xinhua) -- A survey published on Monday indicated that German companies have turned more pessimistic about the future.

The ifo Business Climate index, which is based on some 9,000 responses from businesses in manufacturing, the service sector, trade and construction, fell to 88.5 points in June from 91.5 points in May, according to the survey revealed by the Munich-based economic research ins