European Foundry Industry Sentiment
The European Foundry Industry Sentiment Indicator (FISI) records a significant upward correction with a plus of 2.76 index points in February. Overall, the assessment of the current business situation and expectations are brightening across all materials. Meanwhile, the latter, coming from a low base, show the strongest increase.
European Foundry Industry Sentiment
The European Foundry Industry Sentiment Indicator (FISI) remained at the previous months level of 103.1 points. However, ferrous and non-ferrous metal foundries show different developments in January, which equalise in total.
European Foundry Industry Sentiment
The European Foundry Industry Sentiment Indicator (FISI) moves sideways in Devember. A minor improvement by 0.1 points brings the index to a value of 103.1 points. Thus, it is the second month in a row without major changes in the overall calculation. However, single components of the FISI develop differently.
European Foundry Industry Sentiment
The European Foundry Industry Sentiment Indicator (FISI) moves sideways in November. A minor improvement by 0.2 points brings the index to a value of 103.0 points. While business expectations for the next six months have declined again, assessments of the current business situation surprisingly increased in November. Overall, both factors equalise each other in the calculation of the FISI.
CAEF Yearbook 2021 published
In 2021, European foundries have recovered partly from the dramatic reductions caused by the pandemic. Disruptions in the international supply chains and rapidly rising material and energy costs in the second half of the year prohibited a more positive development.
The publication “The European Foundry Industry 2021” is now available on the CAEF website.
European Foundry Industry Sentiment
Looking ahead to the year 2023, there are stronger signs of a recession in several European economies. It remains unclear how strongly demand for cast components will decline. While order books are still at a good level in many markets, incoming orders are already declining noticeably at the onset of winter.
European Foundry Industry Sentiment
The European Foundry Industry Sentiment Indicator (FISI) decreased by 2.6 points in September and reaches a value of 104.0 points. This marks the lowest index value in the last 21 months, while it is the sharpest month to month decline since March 2020. Both the expectations for the next six months and the assessment of the current business situation dropped significantly. The exceptionally strong drop is also characterised by the fact that the ratings point in the same direction across all metals.
European foundry industry discusses the key challenges of the crisis
To exchange ideas during one of the most challenging economic crises since decades more than 80 representatives of European foundries and foundry associations met in Paris on 22 and 23 September at the CAEF Summit 2022. The two-day programme included presentations by experts on various facets of the crisis, but also on perspectives.
European Foundry Industry Sentiment
The FISI is still stable in the holiday month of August. However, with the onset of the heating season and a steady slowdown in the economy, the coming period is expected to be extremely rough. Thus, more and more businesses are now being really hit by energy costs as old contracts expire and the number of those who have to produce under the new conditions is now steadily increasing.
European Foundry Industry Sentiment
There has never been a greater difference between the assessment of the situation and the expectations since the beginning of the data collection. While the current situation is still considered positive by many foundries due to the good order situation in the mechanical engineering sector, the expectations for the next six months are on the downturn. Tensions are rising, especially as signs of a slowdown in demand are intensifying.