Brussels, 30/04/2008 (Agence Europe) - According to a flash estimate issued by Eurostat published on Wednesday 30 April, the Euro area annual inflation rate is expected to be 3.3% in April 2008, a fall from its record 3.6% in March. This rise in prices is, however, above the European Central Bank's mid-term target (below but close to 2%). In April the business confidence indicator, which summarises the opinions of the Heads of business and consumers fell by 3.8 points in the EU and 2.5 points in the Euro-zone. This fall follows a slight rebound in March and places the indicator below its long-term average in the two zones (at 98, I in the EU and at 97 in the Euro-zone). It stood at above 110 points a year ago. Following a slight rebound in March, the Euro zone business confidence indicator also fell in April. The current level is above the industrial production growth average but the decline illustrates a slackening off in monthly growth in the second and third quarters of 2008. Almost all the components in the indicator have got worse, according to DG Ecofin. (A.B.)