European Business Braces for Second Wave | Financial Times

“We saw over the summer an improvement in our business data,” said Karl Gunther Deutsch, head of research at the Federation of German Industries (BDI).

Information gathered by Huq Industries, which tracks mobile location data in real time, shows that office and factory staff in France and Spain began to return to work in June and July. In Germany, France, the Netherlands and the UK, commuters started using public transport again.

In a sign that business confidence was beginning to stir, two-thirds of French companies did not bother to draw down the government’s emergency loans, according to Fabrice Le Saché, vice-president of the country’s employers’ confederation Medef. “In August we had surveys showing 76 per cent of chief executives were quite positive on investment and on hiring,” he said.

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