Index of Consumer Expectations (ICE)

Steps to calculate ICE are:
  • Compute relative scores (per cent giving favourable replies minus per cent giving unfavourable replies, plus 100) for Q2 (Do you think that a year from now your family would be faring financially?), Q3 (How would you describe the next 12 month's financial and business conditions in our country?) and Q4 (What do you think would the next 5 year's financial and business conditions in our country be?)
  • Round the relative scores to the nearest whole number.
  • Sum all the three rounded relative scores.
  • Divide the Sum by the base period index.