Summary
[German business climate index has declined for 5 consecutive months from the previous month]Data released by the German Iver Institute for Economic Research on the 24th showed that due to the impact of the new crown epidemic and supply chain problems, the German business climate index in November fell to 96.5 points from 97.7 points in the previous month , Is the fifth consecutive month of month-on-month decline. The Yves Business Climate Index is regarded as a weather vane for German economic development and has important reference value for observing the German economic situation. (Xinhuanet)
According to data released by the German Iver Institute for Economic Research on the 24th, due to the impact of the new crown epidemic and supply chain problems, the German business climate index in November fell from 97.7 points in the previous month to 96.5 points, the fifth consecutive month of month-on-month decline.
The data shows that the four indicators of manufacturing, service, trade and construction that make up the business climate index declined on an average month-on-month basis. Among them, the service industry indicators fell sharply, down 5.1 points from the previous month.
Clemens Pfister, director of the Iver Institute for Economic Research, said in a statement that day that the interviewed companies were less satisfied with the status quo of the industry’s business operations, and they were more worried about the future prospects. German companies are experiencing the challenges of supply chain bottlenecks and a new wave of COVID-19.
The Yves Business Climate Index is regarded as a weather vane for German economic development and has important reference value for observing the German economic situation.
(Article Source:Xinhuanet）
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