Germany industrial output sinks.

 Industrial output in Germany and Spain fell faster than expected in April, underscoring how the economies in the eurozone's core and periphery are suffering. Germany's output fell 2.2% on month vs. consensus of -1% and Spain's slumped 8.3% on year vs. -6.5% expected. Meanwhile, eurozone Q1 GDP was flat on quarter, confirming the initial estimate, but fell 0.1% on year vs. unchanged initially