The European Commission said its euro zone economic sentiment indicator for March rose to 111.2 from 109.7 in February. Economists polled by AFX News had forecast a more modest rise to 110.0. The industrial confidence component of the indicator increased to 6 from 5, consumer confidence improved to minus 4 from minus 5, and services confidence rose to 22 from 20. Economists had forecast industrial confidence at 5, consumer confidence at -5, and services confidence at 20. The commissions euro zone business climate indicator was unchanged at 1.55.