New Zealand Treasury says that consumption should continue to support growth

Comments by the New Zealand Treasury via their monthly economic indicators report

• Early indicators in Q1 suggest that consumption growth is likely to continue to support GDP growth
• Pick-up in consumer confidence and rising house price growth is likely to support consumption in the near-term
• Outlook for inflation "remains relatively weak in the near-term"

The full report can be found here, and the chart pack can be located here.

Some general commentary on the New Zealand economy. A good catch up read if you need some background on what is happening on the local front.