Stephen Marcos Jones, CEO of the Association for Consultancy and Engineering (ACE) responds to the latest IHS Markit / CIPS UK Construction PMI figures.

“This week’s gloomy outlook from the Bank of England will not do much to boost business confidence – it’s clear that the challenging times are here to stay, although there is some good news now expected around inflation next year.

“Eyes will now be turning to the new Chancellor’s Autumn Statement on 17 November. We’ve seen some rumours of reviews around some major infrastructure projects – it is crucial that Government hold firm on previously agreed plans.”

“Our industry needs confidence and certainty in the pipeline if it is to deliver the medium to long-term growth that will deliver the jobs and growth that will help to pull us out of recession.”