European Foundry Industry Sentiment, November 2021: Throwback at the end of the year

While the assessment of the current business situation for non-ferrous metal foundries has been declining in stages since June, the situation for iron foundries has so far remained stable at a high level due to the very good order situation from the echanical engineering sector.

Reading time: min

However, due to the considerable cost explosion for raw materials and energy, the business situation has now deteriorated significantly. Meanwhile, there is no prospect of improvement in the coming months. The negative trend in expectations for the next six months continues.The new Omicron variant of the coronavirus, which seems to be more infectious than the dangerous Delta variant, is causing uncertainty and concern, similar to the second wave of infection last year before Christmas. Booster vaccinations need to be ramped up across Europe soon to avoid further overloading of health systems and worsening consequences for 
society and the economy.

At the same time, the Business Climate Indicator (BCI) remains on a high level in November. The slight increase of 0.05 points brings the index to its to 1.80 points. In particular, the sales price expectations for the coming months are increasing the BCI.



The FISI – European Foundry Industry Sentiment Indicator – is the earliest available composite indicator providing information on the European foundry industry performance. It is published by CAEF the European Foundry Association 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 BCI – Business 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.

Please find the chart enclosed or combined with additional information at

Company Info

CAEF - European Foundry Association

Hansaallee 203
40549 Düsseldorf

Telephone: +49 211-6871217