Euro area economic confidence came in at 94.4 in March, below forecasts of 94.5, while a prior of 94.4 was revised to 94.5. Business climate indicator recorded -0.30 from a revised of -0.16, which was -0.18 initially, compared with forecasts of -0.16.

Consumer confidence inched down to -19.1 from both forecasted and previous of -19.0, where February's reading was -20.3 initially.

Industrial confidence plummeted to -7.2 from a prior of -5.8, revised up to -5.7, lower than projections of -5.8. Services confidence improved to -0.3 compared with prior and expected readings of -0.9 and -0.8 respectively.