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.
(Sponsored)
How Technology Management Can Expedite Your Business Growth
Many business leaders find themselves asking the same question: “How do I foster growth for my company?” The answer typically yields many paths and variables both controllable and uncontrollable. Technology
Inflation and Insurance Rates: How to Offset the Impact
Many industries have been hit by inflation where it hurts the most, our pockets. Inflation is raising the price of goods and services including food, housing, transportation, and medical care.
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