The European Commission released its economic sentiment index for the Eurozone on Monday. The index declined to 103.5 in June from 130.8 in May. Analysts had expected the index to remain unchanged at 103.8.

The decline was driven by a fall in confidence in industry and in retail trade. The industrial confidence index decreased to -3.4 in June, while the index for retail trade declined to -1.1 in from 1.5.

The final consumer confidence index was at -5.6 in June, in line with expectations.

The services sentiment index remained unchanged at 7.8 in May June.

The business climate index was down to 0.14 in June from 0.28 in May, missing forecasts of a decline to 0.27.