Consumer sentiment in Upstate rose 2.2 points to 67.4 in November, according to the latest monthly survey the Siena (College) Research Institute (SRI) released today.
Upstate’s overall-sentiment index of 67.4 is a combination of the current-sentiment and future-sentiment components. The region’s current-sentiment index of 74.3 was up 1.2 points from October, while the future-sentiment level increased 2.9 points to 63, according to the SRI data.
The Upstate figure was 5.9 points below the statewide consumer-sentiment level of 73.3, which rose 3.7 points from October’s level, SRI said.
New York’s consumer-sentiment index was 1.8 points lower than the November figure for the entire nation of 75.1, which was up 1.9 points from October, as measured by the University of Michigan’s consumer-sentiment index.
Sentiment recovered this month after the government shutdown frightened consumers in October, Douglas Lonnstrom, professor of statistics and finance at Siena College and SRI founding director, said in a news release.
SRI conducted its survey of consumer sentiment in November by random telephone calls to 622 New York residents over the age of 18.
Contact Reinhardt at ereinhardt@cnybj.com