Consumer confidence in New York is unchanged in July
Overall consumer confidence remains unchanged in New York, according to the latest poll by Siena Research Institute.
While the nation’s confidence decreased 4.8 points, New York’s remain the same, at 64.3. New York’s overall consumer confidence is 1.7 points below the nation’s 66.0 confidence level, according to the Siena College polling institution.
The poll also found that in July, buying plans were up for cars and trucks by 2.1 points, to 11.5 percent. Buying plans were down for homes by 0.2 points to 4.1 percent.
“Despite a Dow rally, and some positive news from housing this month, New York consumer confidence did not move,” according to Douglas Lonnstrom, professor of statistics and finance at Siena College and the institute’s founding director. “Concerns over jobs and the debate over health care continue to corral consumer spending.”
Each month since January 1999, the Siena survey establishes a consumer confidence index number for New York consumers.
