German consumer morale darkens as Covid cases soar


Big threat: Germany’s infection rates have been accelerating and rose by more than 10,000 in a single day for the first time yesterday, . — Bloomberg

BERLIN: German consumer morale fell heading into November as fears about a second coronavirus wave that is hitting Europe’s biggest economy made Germans less willing to open their wallets, according to a survey.

The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, fell to -3.1 heading into November from a revised -1.7 in the previous month. The reading missed a Reuters forecast for a narrower drop to -2.8.

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