Foundries supply all sectors of the modern world, including the automotive, aerospace, power generation, railway, petrochemical, medical, defence and marine.
CAEF — The European Foundry Association
Umbrella organisation of the European foundry industry, established in 1953. CAEF deals with economic, technical, legal, and social issues. Its membership includes the national foundry associations from 22 European countries.
After the significant drop due to Russia’s invasion of Ukraine, the business climate of the European foundries is stabilising for the time being, despite all the uncertainties. While the assessment of the current business situation is slightly declining, the expectations for the coming six months are improving moderately. The historic drop of the FISI in recent weeks was, however, due to the latter. The fact that companies’ expectations are riding a rollercoaster given the great uncertainties is one of the few things that is momentarily certain.
The European Foundry Industry Sentiment Indicator (FISI) increased by 0.6 points in May and reaches a value of 106.1 points. After the highest loss since the outbreak of corona pandemic in Europe in March 2020 the FISI has slightly recovered.
After the decline in the previous months was caused by a war-related drop in business expectations for the upcoming six months, European foundries are now increasingly experiencing some positive effects on their business situation.
16 September 2022
22 September 2022 — 23 September 2022
20 October 2022