European Foundry Industry Sentiment

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.

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European Foundry Industry Sentiment

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.

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Apply now for the EUROPEAN FOUNDRY WOMEN’S AWARD 2022!

Like many other indus­tries, the foundry industry is con­sidered a male-dom­in­ated sec­tor. Nev­er­the­less, count­less women are work­ing in our foundries from pro­duc­tion and admin­is­tra­tion to research in all areas and are doing indis­pens­able work every day. What is daily routine and nor­mal­ity for indi­vidual col­leagues is inspir­ing many oth­ers — espe­cially young tal­ents! Role mod­els and stor­ies are needed to dis­pel pre­ju­dices and pro­mote the diversity of our industry, not only in terms of products, but also in terms of the people who take it to a new level. CAEF there­fore calls on you to par­ti­cip­ate in the new EUROPEAN FOUNDRY WOMEN’S AWARD.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

After the sig­ni­fic­ant drop due to Rus­si­a’s inva­sion of Ukraine, the busi­ness cli­mate of the European foundries is sta­bil­ising for the time being, des­pite all the uncer­tain­ties. While the assess­ment of the cur­rent busi­ness situ­ation is slightly declin­ing, the expect­a­tions for the com­ing six months are improv­ing mod­er­ately. The his­toric drop of the FISI in recent weeks was, how­ever, due to the lat­ter. The fact that com­pan­ies’ expect­a­tions are rid­ing a roller­coaster given the great uncer­tain­ties is one of the few things that is moment­ar­ily certain.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

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.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

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.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The war in Ukraine cre­ates con­sid­er­able uncer­tainty, caus­ing the FISI to drop in March. This is so far less related to a worsened assess­ment of cur­rent busi­ness situ­ation but rather to pess­im­istic expect­a­tions for the upcom­ing six months.

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European Foundry Industry Sentiment

European Foundry Industry Sentiment

The fact that the FISI in Feb­ru­ary reached its highest value since pre-Corona June has no sig­ni­fic­ance in view of the Rus­sian inva­sion of Ukraine. The prom­ising data were col­lec­ted before the out­break of the war. The sig­ni­fic­ant mar­ket dis­rup­tions and their impact on European foundries will become vis­ible in the data in March.

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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