Euro zone March industrial output fell -2.0% m/m and -20.2% y/y, much worse than the median forecasts of -1.0% and -17.6% respectively. Februarys data was also revised lower, to -2.5% and -19.1% from initial -2.3% and -18.4%
EUR/USD is very marginally easier on the news, but all in all is looking surprisingly resilient, presently at 1.3680.
