fell again in November, a closely watched survey said Tuesday, November 24, as renewed coronavirus restrictions battered an already struggling services sector.
The index dived to a record low in April when Germany ordered factories and shops shut during the first COVID-19 wave, before picking up the following month as business activity gradually resumed. "Further setbacks are to be expected in the next one to two months," said LBBW bank economist Uwe Burkert, predicting that morale probably won't improve much"until the vaccination campaign begins."