Eurostat released its industrial production data for the Eurozone on Wednesday. Industrial production in the Eurozone fell 0.3% in March, missing expectations for a flat reading, after a 1.0% rise in February. February's figure was revised down from a 1.1% increase.

The decline was driven by a drop in production of energy, which fell 1.7% in March.

Durable consumer goods were down 0.9%, while non-durable consumer goods rose by 2.3%.

On a yearly basis, Eurozone's industrial production gained 1.8% in March, in line with expectations, after a 1.9% increase in February. February's figure was revised up from a 1.6 gain.

The increase was driven by a rise in non-durable consumer goods and in production of energy. Non-durable consumer goods climbed by 5.7% in March from a year ago, while production of energy rose by 3.9%.

Durable consumer goods dropped by 1.7%.