Euro Zone's economic confidence skyrocketed to 95.7 from the revised 94.1, while forecasts referred to an increase to 92.3 from the initial reading of December of 95.7. Consumer confidence came in line with the prior reading at -16, lower than estimates of -15. Industrial confidence inched up to -14 from the previous of -16 and projections of -15. Services confidence came higher than both preceding and predicted readings of -3.

With regard to business climate indicator, it reached -1.12 relative to the prior -1.22 revised down to 1.30 and median forecasts of -1.10.