The start of the year is still mixed for business in the euro area as their confidence over the outlook across sectors was mixed according to confidence figures.

The improvement was detected in the overall view for the business cycle in the coming period, where the Business Climate Indicator improved to -0.21 from the revised -0.32 from -0.31 and beat expectations from -0.25.

The Economic Confidence remained suppressed at -20.7 from -20.6 which was expected to hold steady. Meanwhile, the Services confidence improved to -0.6 from a revised -2.6 from -2.1 and was strongly above forecasts for -1.6, while Industrial Confidence held at -7.2 from the revised previous from -7.1 and missed expectations for -6.8.

As for the final estimate for Consumer confidence it was revised slightly to -20.7 from -20.6 yet held the improvement from December's -21.3.