The European Commission released its economic sentiment index for the Eurozone on Wednesday. The index declined to 103.7 in April from 103.9 in March, missing expectations for a rise to 104.1.

It was the first decline in five months.

The consumer confidence index dropped to -4.6 in April from -3.7 in March due to faltering optimism about the level of future unemployment and the future general economic situation index.

The industrial confidence index decreased to -3.2 in April from -2.9 the previous month as production expectations declined.

The services sentiment index climbed to 6.7 in April from 6.1 in March.

The construction confidence index fell to -25.6 in April from -24.2 in March due to the weaker employment expectations.

The business climate index increased to 0.32 in April from 0.23 in March, exceeding forecasts of a drop to 0.12. It was the highest level since May 2014.