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Subjects > Consumer opinion surveys > New Zealand
Country: New Zealand Subject: Consumer opinion surveys
| NZL.CS....... | Direct source
Westpac Banking Corporation, New Zealand
Variables collected
The data for the Westpac McDermott Miller Consumer Confidence Index are collected via a random sample of at least 1500 New-Zealanders by means of computer aided telephone interviews.
Key statistical concept
The indicator measures consumers' opinions by combining their replies to five internationally standardised questions. The five questions asked cover consumers' personal financial position and expectations, national economic expectations (over the next 12 month and over the 5 next years) and attitudes to major purchases.
Aggregation and consolidation
The index is calculated as 100 plus the unweighted average of the difference between positive/optimistic responses and negative/pessimistic responses. A score above 100 denotes more optimism than pessimism and a score below 100 denotes more pessimism than optimism. The margin of error in the survey is 2.5% at a 95% confidence interval.
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