European stocks close: stocks traded lower on the mixed economic data from the Eurozone

Stock indices traded lower on the mixed economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone declined to -0.2% year-on-year in April from 0.0 % in March, missing expectations for a fall to -0.1%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco fell to an annual rate of 0.8% in April from 1.0% in March. Analysts had expected the index to decrease to 0.9%.

Food, alcohol and tobacco prices were up 0.8% in April, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.0%, while energy prices dropped 8.6%.

Eurozone's preliminary flash gross domestic product (GDP) increased by 0.6% in the first quarter, after a 0.3% gain in the fourth quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.6% in the first quarter, after a 1.6% gain in the fourth quarter

Eurozone's unemployment rate declined to 10.2% in March from 10.4% in February, beating expectations for a fall to 10.3%. It was the lowest reading since August 2011. February's figure was revised up from 10.3%. The lowest unemployment rate in the Eurozone in March was recorded in Germany (4.2%) and the highest in Greece (24.4% in January 2016) and Spain (20.4%).

The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Friday. The number of mortgages approvals in the U.K. was down to 71,357 in March from 73,195 in February, missing expectations for a decrease to 74,500. February's figure was revised down from 73,871.

Consumer credit in the U.K. rose by £1.883 billion in March, exceeding expectations for an £1.300 billion increase, after a £1.392 billion gain in February. February's figure was revised up from £1.287 billion.

Net lending to individuals in the U.K. increased by £9.3 billion in March, after a £5.0 billion gain in February. February's figure was revised up from a £4.9 rise.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,241.89 -80.51 -1.27 %

DAX 10,038.97 -282.18 -2.73 %

CAC 40 4,428.96 -128.40 -2.82 %