Euro zone April industrial production has come in at -1.9% m/m, -21.6% y/y, much worse than median forecasts of -0.4% and -19.8% respectively.
However to help soften the blow a little, March data has been revised up to -1.4% and -19.3% from initial -2.0% and -20.2% readings.
EUR/USD touch softer at 1.4050.