Latest Pulse of NZ Business survey results from Forsyth Barr show that deteriorating demand, rather than inflation and labour shortages, is the biggest challenge currently facing businesses. On AM, Milford Portfolio Manager and Head of Sustainable Investment Frances Sweetman explains how the survey results are both good and bad news. She looks into what it means for the RBNZ and interest rates, and why utility companies are bucking the trend and staying positive about demand – including electrification to lower carbon emissions, and an increase in data centres meaning increased energy requirements.