Eurozone economic confidence weakened more-than-expected in March mainly due to plummeting consumer confidence, monthly survey results from the European Commission showed on Wednesday.
The economic sentiment index fell to 108.5 in March from 113.9 a month ago. The reading was seen at 109.0.
The decline in the ESI in March was mostly due to plummeting consumer confidence, accompanied by marked losses in retail trade and industry confidence.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.