BNZ have long expected some lift in the quarter, after a sharp contraction through Q2 and Q3 and have pencilled in +0.2 per cent quarter-over-quarter.

Indeed, it indicates the pickup may be a bit faster than we are currently forecasting," BNZ Senior Economist Doug Steel said in a statement.

Art has a funny, powerful way of both capturing and eluding time. Perhaps it expresses the elusiveness of time itself.

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