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  ACE's State of Business Report 2009 to provide "reliable litmus test" to recovery of consultancy and engineering sector
 
Issued: 15 June 2009

ACE has encouraged members to take part in its annual State of Business Report once more this year. Any member firm that has not yet participated should complete the questionnaire before 30 June to ensure they have their say in the midst of the current economic turbulence.

With the recession sure to have a bearing on respondents’ answers, ACE is acutely aware of the importance of providing an accurate and in-depth review of the consultancy and engineering sector. ACE’s State of Business Report 2009 will seek to reflect the legacy of the credit crunch and address the ways business is responding to the changing economic circumstances as well as representing the views of ACE member firms across a number of key business areas such as:

• Economic outlook
• Business confidence
• Sector, regional, UK and international activity
• Business performance

ACE’s chief executive, Nelson Ogunshakin, said that the report would give member firms a chance to let the next government know how they would like it to be effective in the construction sector. “In 2008, many ACE members expressed their concern at the potential repercussions of the downturn, with 82% stating that the credit crunch had already had, or would have, an impact on their business,” he said. “2009 was being viewed with trepidation by some firms, 47% of which had forecast a full-blown UK recession. We can be sure that this year’s results will provide a reliable litmus test and to an extent will dictate ACE’s external activities over the next twelve months as the General Election approaches.

“That election, and whichever government is in place following it, will undoubtedly have a sizeable impact on the recovery of consultancy and engineering and its ability to emerge from the recession with strength and optimism. The report hands members a real opportunity to tell the next government what they want to see it do to enhance the UK’s infrastructure for economic competitiveness.”

-ENDS-


Further information from ACE senior communications executive Piers Nutbrown on 020 7202 0255,  or email pnutbrown@acenet.co.uk


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