UGLY French Industrial Production Number

Just another bad European datapoint.

Dow Jones:

Industrial output in the euro zone's second-largest economy fell 0.9% in March from the previous month, Insee said. Analysts polled by Dow Jones Newswires had predicted a smaller 0.2% monthly decline.

January was also revised slightly downward.

France is "core" Europe in the sense that it pays super low rates, as everyone knows that it's in the will-not-default club.

But its economy looks increasingly like the periphery.