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mpc: 11 In the euro area, industrial production had fallen according to the latest data. There had also been a little downside news from the manufacturing and services Purchasing Managers' Indices, with the former below the neutral 50 level for the three biggest countries. Euro-area industrial confidence had fallen again in April and was now slightly below its long-run average. However, there had been a 0.3% increase in retail sales in March, contrasting with market expectations of a decline. The picture was far from uniform across countries, but, for the euro area as a whole, the outlook for GDP growth this year was slightly weaker than in February.