And will likely follow up with interest hikes, taking the rate to 3.75% by the end of 2014.

The March quarter survey shows economic recovery broadening beyond Auckland and Christchurch.

Given the option to choose which end of the week public holidays should be celebrated, and at the risk of sacrificing the value of "Friday drinks", businesses have Monday-itis.

The economy surged in the December quarter to the best level since mid-2007.

Report also recommends considering tax incentives or grants to encourage large, successful New Zealand companies to remain based here.

"The recovery remains disappointing," principal economist NZIER Shamubeel Eaqub says. "Auckland is growing, but the post-quake surge in Canterbury is moderating and activity elsewhere is slowing."