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COVID-19 lockdown hurts Germany’s services sector


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Mon, 2020-11-23 08:30

BERLIN: German service sector activity has contracted faster this month after restrictive measures were introduced to tame a second wave of COVID-19 infections, a survey showed on Monday.
IHS Markit’s flash services Purchasing Managers’ Index (PMI) fell to 46.2 from 49.5 in October, sliding further below the 50 mark that separates growth from contraction and marking a second straight month of decline. A Reuters poll had predicted a drop to 46.3.

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