Upstate consumer sentiment edges up in September

Consumer sentiment in upstate New York rose 0.6 points to 71.7 in September, according to the latest monthly survey from the Siena (College) Research Institute (SRI) released today.

Upstate’s overall-sentiment index of 71.7 is a combination of the current-sentiment and future-sentiment components. Upstate’s current-sentiment index of 80 is down 2.2 points from August, while the future-sentiment level increased 2.4 points to 66.4, according to the SRI data.

The Upstate figure was 4.5 points below the statewide consumer-sentiment level of 76.2, which was up 2.9 points from August, SRI said.

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New York’s consumer-sentiment index was 1.3 points lower than the figure for the entire nation of 77.5, which was down 4.6 points from August, as measured by the University of Michigan’s consumer-sentiment index.

For more on this survey’s results, check out the article in the Oct. 4 issue of The Central New York Business Journal.

 

Contact Reinhardt at ereinhardt@cnybj.com

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Eric Reinhardt: