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Upstate consumer sentiment stays steady in April, Siena says

Consumer sentiment in upstate New York inched up 0.4 points to 69.2 in April, according to the latest monthly survey the Siena (College) Research Institute (SRI) released today.

Upstate’s overall-sentiment index of 69.2 is a combination of the current sentiment and future-sentiment components. Upstate’s current-sentiment index of 77.3 climbed 4.2 points from March, while the future-sentiment level decreased 1.9 points to 64, according to the SRI data.

Upstate’s overall sentiment was 5.2 points below the statewide consumer-sentiment level of 74.4, which edged up 0.5 points from March, SRI said.

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New York’s consumer-sentiment index was 9.7 points lower than the April figure of 84.1 for the entire nation, which climbed 4.1 points from March, as measured by the University of Michigan’s consumer-sentiment index.

For more on the SRI survey, see the story in the May 9 issue of The Central New York Business Journal.

Contact Reinhardt at ereinhardt@cnybj.com

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