Loudonville, N.Y. – The New York State Index of Consumer Sentiment increased 3.3 points in May, while the nation’s Index increased 8.1 points, according to the latest poll by the Siena Research Institute. At 77.2, New York’s overall Index of Consumer Sentiment is 7.3 points below the nation’s Index of 84.5.
The intent of the Index of Consumer Sentiment is to measure peoples’ willingness to spend as opposed to their ability to spend.
SRI also produces a quarterly consumer sentiment index that looks at six regions of New York State: Albany, Binghamton, Buffalo, New York City, Rochester and Syracuse. The quarterly ICS provides regional measures of the state’s economic health.