Euro zone's Business Climate Indicator in May came in 0.34, higher than the previous 0.23 and expected 0.20; while industrial confidence also followed recorded gains to -6, higher than the prior and expected readings of -7.

Meanwhile, consumer confidence's final reading came in -18 inline with prior and forecast readings; while economic confidence unexpectedly declined to 98.4 lower than previous and expected readings of 100.6. Service confidence also dropped heavily to 3 from the prior 5 and expected 6.