Analysts at TD Securities are expecting New Zealand's Q1 GDP to be a strong in GDP (E) terms.

• “Retail sales was +0.7% q/q, dwelling construction was +4.3% q/q and non-residential construction a blockbuster +9% q/q. There tends to seasonal weakness in public spending (we pencil in -0.3%pts) and we look for +0.4%pts for the trade sector.
• Overall, GDP is set to post at least 1% q/q with our (E) tracking literally twice that. Our GDP(P) measure is more modest at +1.1% q/q, although well above consensus +0.6%, which lifts annual growth from 2.3% to 2.9%.”