Summary: Euro-zone composite sentiment index falls from 114.0 to 108.5 in March; below expectations; readings down all sectors with the exception of services; down in all four of largest economies; sovereign bond yields modestly higher on day; index implies GDP growth of 3.3%. The European Commission’s Economic Sentiment Indicator (ESI) is a composite index comprising five differently-weighted sectoral confidence indicators. It is heavily weighted towards confidence surveys from the business...