Consumer sentiment in upstate New York slid 0.6 points to 71.1 in August, according to the latest monthly survey from the Siena (College) Research Institute (SRI) released today.
Upstate’s overall-sentiment index of 71.1 is a combination of the current-sentiment and future-sentiment components. Upstate’s current-sentiment index of 82.2 was up 2.2 points from July, while the future-sentiment level decreased 2.4 points to 64, according to the SRI data.
The Upstate figure was 2.2 points below the statewide consumer-sentiment level of 73.3, which was down 2.1 points from July, SRI said.
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New York’s consumer-sentiment index was 8.8 points lower than the figure for the entire nation of 82.1, which was down 3 points from July, as measured by the University of Michigan’s consumer-sentiment index.
For more on the New York survey’s complete results, including commentary from SRI, see the article in the Sept. 6 issue of The Central New York Business Journal.
Contact Reinhardt at ereinhardt@cnybj.com