FXstreet.com (Barcelona) - Industrial production posted a weaker than expected reading in April, weighed by slumping construction activity, as the latest report by the German Economics Ministry shows.

Industrial production has declined 0.8% in April in Germany, instead of the flat performance expected by market analysts. The main reason for this decline has been the 2.9% monthly decline in construction output, which follows a 13.1% decline in the previous month.

Manufacturing output has declined 0.7% in April in a seasonally adjusted basis, following a o.3% decline in March