Statistics on industrial production in the Eurozone disappointed investors. Thus, the index in April rose only by 0.1%, which was 0.3% worse than the average forecast of analysts. In March, the fall of the index was 0.4%. For the year, industrial production grew by 0.8% in the euro area and by 1.2% in the EU. The largest increase was recorded among capital goods, the largest decline in production in the energy sector. We expect the weakening of the euro should support the growth of industrial production in the coming months. Our medium-term market forecast on the euro remains negative.