Liam Dann: NZ Herald Business Editor at Large on ANZ's Business Outlook survey for June
The June ANZ Business Outlook survey showed firms are increasingly pessimistic about the outlook for activity and profitability.
However, it is the ongoing issues of inflation and an economy running at capacity causing most headaches, not recessionary forces.
The data would do nothing to ease RBNZ concerns about the potential for a wage-price spiral developing, said ANZ chief economist Sharon Zollner.
Activity indicators were weaker across the board, the survey found.
But "expected profitability" was particularly dire, said Zollner.
"Investment intentions are slipping. Employment intentions…
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