Novem­ber 2020: So far no fur­ther col­lapse des­pite explod­ing num­bers of Covid-19 cases

In Novem­ber, the European Foundry Sen­ti­ment Indic­ator (FISI) remains at the pre­vi­ous month’s level. The min­imal decline of 0.1 index points to the level of 99.6 is equally based on the almost unchanged assess­ment of the cur­rent situ­ation and expect­a­tions for the next six months.

That the pos­it­ive turn­around of the pre­vi­ous month did not con­sol­id­ate into a trend is not sur­pris­ing. Although the pos­it­ive effects due to the suc­cesses in vac­cine devel­op­ment are reflec­ted in the Novem­ber data for the first time, these data must be seen in the con­text of the rap­idly increas­ing num­ber of Covid-19 cases in recent weeks, which were not fore­see­able to this extent at the begin­ning of October.

These influ­ences are also reflec­ted in the devel­op­ment of Busi­ness Con­fid­ence Indic­ator (BCI). Still with a slight increase of 0.1 to ‑0.6 points, the speed of the recov­ery is slow­ing down.

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

General Secretariat
CAEF - The European Foundry Association

Hansaallee 203
40549 Düsseldorf

tel: +49 (0)211 6871 217
fax: +49 (0)211 6871 40217