In June the European Foundry Sentiment Indicator (FISI) continues its recovery for the seventh consecutive month. The increase of 1.3 points brings the index to a value of 109.6. The driving force behind this positive development is the good assessment of the current business situation. Expectations for the coming six months, meanwhile, did not increase significantly, but remain at a high level.
After the first half of the year, the most important customer industries of the European foundries show different developments, which will also affect the tendency for the rest of the year. While the automotive industry continues to face considerable problems in the procurement of semiconductors leading to downward adjustments for the production forecast of the industry, the recovery in mechanical engineering is more robust than assumed a few months ago. Flexibility and good corporate communication regarding production planning are now being rewarded. Setbacks and euphoria alike must be met with a calm hand.
At the same time, the Business Climate Indicator (BCI) also continues to improve for the 13th consecutive month, reaching a new all-time high in June. The increase of 0.22 points raises the index to its record level of 1.71 points. The current business situation is assessed as overall positive due to the excellent order situation. Therefore, rising sales prices and high employment are expected for the coming months.
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 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 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.
Sources:CAEF
ABOUT KEVA
Keva Casting is a professional casting company that focuses on Construction, Machinery, Automobile, Hardware, Pipeline and many other industries.
We provide top quality products with the best service based on our complete production chain including our own mold design, advanced production techniques, and full management of the supply chain. Keva Casting has two factories located in Zhucheng, China's Shandong province.
We use "shell molding", which is a new technique that has been developed in recent years.This new technique has simplified production procedures and reduced air pollution compared with traditional sand casting and investment casting. Shell making and core making are faster to ensure production in enormous quantities. The dimensions and surface finishing are satisfactory for all kinds of industrial requirements. Besides supplying our own formwork & scaffolding systems, our casting products also supply OEM services in various industries.