CAEF - European Foundry Industry Sentiment, September 2022 : Significant downturn as predicted

The European Foundry Industry Sentiment Indicator (FISI) decreased by 2.6 points in September and reaches a value of 104.0 points. This marks the lowest index value in the last 21 months, while it is the sharpest month to month decline since March 2020. Both the expectations for the next six months and the assessment of the current business situation dropped significantly. The exceptionally strong drop is also characterised by the fact that the ratings point in the same direction across all metals.