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.
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.
While the sanctions against Russia were steadily tightened in March and April, the problems in the supply chains and the adjustments in the prices for input materials are becoming more and more apparent for European foundries. In addition to the war, global disruptions in the logistics industry have also increased due to the harsh Corona lockdown in China. The FISI drops 2.7 points in April, the largest decline since the Covid-19 outbreak in Europe in March 2020.
16 September 2022
20 October 2022