Septem­ber 2020: Neg­at­ive trend of the past months stopped

After the European Foundry Sen­ti­ment Indic­ator (FISI) has shown a neg­at­ive sign in each of the past 6 months, this trend stopped in Septem­ber. How­ever, the psy­cho­lo­gic­ally import­ant change of dir­ec­tion does not indic­ate an eco­nomic turn­around. The FISI remains at 99.2 points.

The busi­ness con­fid­ence indic­ator (BCI), on the other hand, con­tin­ues to rise, rising from ‑1.3 to ‑1.2 points. This slight increase shows that the catch-up pro­cess is slow­ing down com­pared to the pre­vi­ous months. New record num­bers of Covid-19 cases are unset­tling the industry on its way to recov­ery.

The FISIEuropean Foundry Industry Sen­ti­ment Indic­ator – is the earli­est avail­able com­pos­ite indic­ator provid­ing inform­a­tion on the European foundry industry per­form­ance. It is pub­lished by the European Foundry Asso­ci­ation (CAEF) every month and is based on sur­vey responses of the European foundry industry. The CAEF mem­bers are asked to give their assess­ment of the cur­rent busi­ness situ­ation in the foundry sec­tor and their expect­a­tions for the next six months.

The BCIBusi­ness Cli­mate Indic­ator – is an indic­ator pub­lished by the European Com­mis­sion. The BCI eval­u­ates devel­op­ment con­di­tions of the man­u­fac­tur­ing sec­tor in the euro area every month and uses five bal­ances of opin­ion from industry sur­vey: pro­duc­tion trends, order books, export order books, stocks and pro­duc­tion expect­a­tions.

CAEF Con­tact:

Till­man van de Sand
Sec­ret­ary Com­mis­sion for Eco­nom­ics & Stat­ist­ics
phone: +49 211 68 71 — 301
mail: tillman.vandesand@caef.eu

General Secretariat
CAEF - The European Foundry Association

Hansaallee 203
40549 Düsseldorf
Germany

tel: +49 (0)211 6871 217
fax: +49 (0)211 6871 40217
e-mail: info@caef.eu