CPT International 4/2019

NEWS
CAEF
Are perspectives bottoming out?
The European Foundry Industry Sentiment
fell slightly in October. The European
foundries´ assessment of the current
business situation was somewhat
worse than in the previous month. By
contrast, the outlook has improved
slightly, but remains on a low level. This
is in line with the slight improvement of
the Business Climate Indicator of the
Euro area.
The trade tensions have eased due
to no hard Brexit on 31st of October
and due to signs for a possible partial
agreement in the US-China conflict.
Nevertheless, the export prospects
remain fragile for the time being and
potential punitive tariffs on European
passenger car and component deliveries
to the US are still being considered.
Against this background and given
declining orders, the question arises to
which extent the expectations will stabilise
at a low level in the medium
term.
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
FISI
160
150
140
130
120
110
100
90
80
70
60
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
Jan 13
Jul 13
Jan 14
Jul 14
Jan 15
Jul 15
Jan 16
Jul 16
Jan 17
Jul 17
Jan 18
Jul 18
Jan 19
Jul 19
Source:
FISI: CAEF, Index 2015=100, country weight based on production 2017
BCI: Eurostat, calculation CAEF
FISI
European Foundry Industry Sentiment Indicator (FISI) and Business Climate Indicator Euro
Area (BCI) October 2019
BCI
5
4
3
2
1
0
-1
-2
-3
-4
BCI
- 1 - © CAEF, www.caef.eu
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.
www.caef.eu
Graphics: CAEF
ICME
British Foundry Medal goes to German
foundry supplier
The British Institute of Cast Metals
Engineers (ICME) has awarded the British
Foundry Medal to the German
foundry supplier GTP Schäfer from Grevenbroich.
The manufacturer of feeders
gets the honoring for the best development
and the article „ECO-Riser - the
development of a high efficiency feeding
system for iron castings using
modular rise materials“ which was published
in the September 2017 issue of
the Foundry Trade Journal. Jörg and
Thomas Schäfer, Nick Richardson, GTP
Schaefer GmbH, and Thomas Baginski,
GF Casting Solutions Leipzig GmbH
were honored. GTP Schäfer sees the
award as a confirmation of its corporate
strategy. For the development of the
ECO feeder system, the company has
worked together with Georg Fischer in
Leipzig.
www.icme.org.uk
Awarding of the British foundry medal at the Institute of Cast Metals Engineers ICME in
West Bromwich, UK.
Photo: GTP Schäfer
52