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    Westpac consumer survey

    West pac NZ

    0800 177 188

    Confidence indicator is a measure of the mood of consumers or businesses. It is usually based on a survey during which respondents rate their opinion on different issues concerning current and future conditions. There are many kinds of confidence indicators as institutions measuring them use different questions, sizes of samples or frequency of publications. Consumers’ opinions are typically expressed with answers like: better, same, worse or positive, negative and unchanged. Results of such surveys are calculated by subtracting the negative replies from the positive ones. Consumer confidence indicator is closely linked to consumer spending and correlated with personal income, purchasing power, employment, business conditions and it can concern one of the following problems: - how people feel currently - how they expect things to be in the nearest future - how they feel about the economy’s direction