German industrial production unexpectedly fell in April, Bloomberg reports. This news was added to a whole row of negative data coming out the largest economy in Europe.

Decline in production volumes by 1% together with significant drop in factories orders shown earlier this week tell us about moderate growth in the beginning of second quarter. Separate reports informed about export drop by 0,2% in April. Production fell in France as well.

Euro went down 0,2% after report.

A whole row of disappointing news around euro area allow saying that slower growth is becoming a normal thing.

Production decline in France was 0,5%, while in Spain this number was 1,8%. Both did not meet forecasts of economists.

ECB leaders so far say about temporary factors, concerns about trade protectionism and unexpectedly high growth rates last year as reasons for such economic behavior.

However, monthly data is not isolated. Factory orders fell by 2,5%, index of private activity in euro area declined in May.