Octo­ber 2020: First growth since begin­ning of crisis

In Octo­ber, the European Foundry Sen­ti­ment Indic­ator (FISI) increases for the first time since the begin­ning of the Corona pan­demic. The FISI rises by 0.7 points to a level of 99.9 points. While European foundries are again report­ing a slightly neg­at­ive trend in their assess­ment of the cur­rent busi­ness situ­ation com­pared with the pre­vi­ous month, the increase of the FISI res­ults from the sig­ni­fic­antly bet­ter busi­ness expect­a­tions for the next six months.

Mean­while, the Busi­ness Con­fid­ence Indic­ator (BCI) con­tin­ues to rise from ‑1.2 to ‑0.7 points. While the Octo­ber data on the one hand only par­tially reflect the drastic­ally increased infec­tion num­bers in Europe due to the dynam­ics of the past weeks, the latest reports on pos­sible vac­cines are also not yet included in the expect­a­tions. Fur­ther­more, the res­ults of the US elec­tions have been announced after the report­ing deadline.

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

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