Stephen Marcos Jones, chief executive of the Association for Consultancy and Engineering (ACE) responds to the latest IHS Markit / CIPS UK Construction PMI figures.
“Despite the significant challenges resulting from the crisis in Ukraine and the high inflationary pressure we’re currently experiencing, it is encouraging to see that construction output remains positive. In our recent roundtable with ACE member representatives and officials from BEIS on the impact of Ukraine, we agreed that collaboration, open dialogue and transparency – both across the supply chain and between our sector and Government – will ensure we are in the strongest position possible to manage this uncertainty.
“While our sector is currently less severely affected than other areas of construction, inflation impacts all businesses. In this regard, the Chancellor’s Spring Statement was a missed opportunity for more targeted business support to not only help business to manage the weeks and months ahead, but also to boost optimism which is understandably subdued at the moment.”