Bad news from Germany continue

Bad news related to the German economy just can not stop. The latter were related to industrial production and went out today. Industrial production in Europe's largest economy has seen a surprise decline in April.
Against the backdrop of the projected 0.3% rise, the indicator fell 1%.
These figures, coupled with the downgrade in factory orders in Germany earlier this week, indicate the potential problems the German economy may face.
Industrial production in the second largest European economy - the French one - also fell in April.
The euro fell after bad data from Germany and France, losing 0.2% of its value to 1.1772 against the dollar. Yesterday the single currency traded at levels above the psychological limit of 1.1800.
Other data from the eurozone also indicate a slowdown in the growth of the European economy. This may well be a factor in the ECB's next week's decision and postpone the announcement of the end-of-term of incentives from the European Central Bank.