In early 2025, economic growth in the Eurozone was weaker than expected, despite an increase in exports before the Trump tariffs.

Despite the fact that American companies stockpiling imported goods before the imposition of trade tariffs has boosted factory output, the growth of the Eurozone economy is lower than initial expectations at the beginning of the year. Data released on Thursday by the EU statistics office showed a revised quarterly GDP growth rate of 0.3% for the Eurozone in the first quarter, down from the initial estimate of 0.4%. The continuous growth in industrial production throughout the quarter has been driving economic growth. The EU statistics office reported a 2.6% month-on-month increase in output in March, far exceeding economists' expectations of 1.1% and marking the third consecutive month of growth in output. Strong industrial nations like Germany and pharmaceutical production centers like Ireland saw output growth of over 3% in March, contributing to the overall increase in output for the month, with Ireland's output increasing by about 15% compared to the previous month. These two economies are among the most affected by President Trump's trade tariffs in the Eurozone, and the surge in factory output suggests that American importers were stockpiling inventory before the comprehensive tariff plan proposed by President Trump in early April.