Index of Consumer Sentiments (ICS)

Steps to calculate ICS are:
  • Compute relative scores (per cent giving favourable replies minus per cent giving unfavourable replies, plus 100) for each of the five questions. The five questions are Q1, Q2, Q3, Q4 and Q5.
  • Round each relative score to the nearest whole number.
  • Sum the five rounded relative scores.
  • Divide the Sum by the base period index.
  • ICS = (Q1 + Q2 + Q3 + Q4 + Q5 / Base Index) * 100