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Foundry Daily News

03. June 2019

European Foundry Industry Sentiment, May 2019: Broadly stable

The downward trend of the European Foundry Industry Sentiment is diminishing. This is in contrast to the decrease of the Business Climate Indicator for the euro area.


Both current status and expectations of the European Foundry Industry broadly stabilised unexpectedly compared to the previous month. This leads to the question of a possible bottom formation in the near future. Besides, the European foundries assess the current business situation and their expectations heterogeneous regarding the different casting materials. This is particularly due to the different performances of their main customer industries. In addition, the US-China conflict has intensified and the decision about punitive tariffs on passenger cars and components has only been postponed. Thus, the ongoing global uncertainties have still an impact.

The FISI – European Foundry Industry Sentiment Indicator – is an early indicator of 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 FISI is the earliest available indicator, providing information about the mood in the foundry industry.

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 www.caef.eu.

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