Ecuador Consumer Confidence

In Ecuador, the consumer confidence index (ICC) is a weighted average of combination of responses to 6 questions. These questions measure the perception that households have about their economic situation, consumption of goods and services and country´s economic condition in the previous month and in the next three months. The index is based on a sample of 3800 households located in the cities of Quito, Guayaquil, Ambato, Cuenca and Machala. The ICC is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism.