Euro-Area March Economic Confidence Drops More Than Expected

Economic confidence in the euro area decreased more than economists forecast in March, adding to signs that the 17-nation currency bloc’s recession continued into the first quarter.

An index of executive and consumer sentiment decreased to 90 from 91.1 in February, the European Commission in Brussels said today. Economists had forecast a drop to 90.5, according to the median of 30 estimates in a Bloomberg News survey.