Our equity focus page considers the outlook for corporate profit margins. The left-hand chart shows survey data from the US, asking corporates to identify their most important problem. Inflation concerns are clearly picking up, but this is not coming at the expense of sales so far. The right-hand chart looks at the proportion of companies planning to raise prices, and those planning to raise wages. While limited labour supply is pushing up wages, many more companies are planning to raise prices, which bodes well for corporate margins.