Siena research reveals shocking numbers - NEWS10 ABC: Albany, New York News, Weather, Sports

Siena research reveals shocking numbers

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LOUDONVILLE, N.Y. — New York State consumer sentiment has significantly increased compared to 2012, according to the Siena Research Institute.

At 73.6, New York's overall Index of Consumer Sentiment is 8.9 points below the nation's index of 82.5.

In December, buying plans were up for furniture and major home improvements, while plans were down for purchasing cars or trucks and consumer electrics. Buying plans for homes remained unchanged.

 "As 2014 begins, overall consumer sentiment in New York remains slightly more pessimistic than optimistic," according to Dr. Don Levy, SRI's director. "Compared to this time last year, confidence is down five percent among all residents, but up significantly among those earning more than 100k, and up a little among all New Yorkers making more than the state average.  

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