The European Commission released its economic sentiment index for the Eurozone on Friday. The index remained unchanged at 106.1 in November. October's figure was revised up from 105.9. Analysts had expected the index to decline to 105.9.

The increase was driven by stronger confidence among consumers.

The industrial confidence index dropped to -3.2 in November from -2.0 in October, missing expectations for a decline to -2.1.

The final consumer confidence index was up to -5.9 in November from -7.5 in October, beating expectations for a fall to -7.7. October's figure was revised up from -7.6.

The business climate index decreased to 0.36 in November from 0.44 in October. Analysts had expected the index to rise to 0.45.