Since March 25th, the Citigroup Economic Surprise Index (CESI) for Eurozone has declined from 10.9 to its current value of -53.2, or a sizable -64.1 point drop in that time. Meanwhile, equities as represented by the Euro STOXX 50 Index have appreciated by 4.6% in that period. In other words, the divergence has expanded since I first wrote about it.
The chart below helps to make it quite clear.
I would add that a similar divergence has emerged for the U.S., with the S&P 500 reaching new highs as the CESI has been in a protracted downtrend: