Python(socket): Try-exception-else not working

So I want to make a code where the program tries to connect to something every minute:

while True:

    try:

        s.connect((HOST, PORT))

    except:

       time.sleep(60)

    else:

        break

So that it tries to connect, if there is an error it will wait and try again and if there is no error it will break the while-loop and continue with the code but I still get an error that it was not able to connect if i run the code:

Traceback (most recent call last):
  File "***.py", line 40, in <module>
    s.connect((HOST, PORT))
  File "/usr/lib/python2.7/socket.py", line 228, in meth
    return getattr(self._sock,name)(*args)
socket.error: [Errno 111] Connection refused