German business confidence declined further in November, with the Ifo Business Climate Index dropping to 85.7, raising concerns about the country's industrial competitiveness. Companies reported worsening conditions both domestically and internationally, particularly in energy-intensive sectors. Structural challenges, high costs, and political uncertainty are contributing to a pessimistic outlook. Private sector activity also fell to a nine-month low, with rising wages adding to the economic strain. Teljes cikk (Euronews.com)