Eurozone industrial production saw a significant increase in May, with pharmaceutical production leading the way with a 27.7% jump. The US frontloading of eurozone goods has contributed to the volatility in production numbers, but overall production is on the upswing. While some countries like Ireland saw a substantial increase in production, others like France and Italy experienced declines. The strong May production numbers suggest that second quarter GDP may not be as negatively impacted as previously thought. However, with uncertainties surrounding tariffs, the eurozone economy could still face stagnation in the short term.

Read more at Investing.com: Eurozone Industrial Production Rebounded Strongly in May