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Consumer Confidence Rises In NY, Nationwide

Kevork Djansezian, Getty Images

Loudonville, NY (WIBX) - Consumer confidence rose in New York and nationwide, according to the most recent statistics from the Siena Research Institute.

New York’s confidence rose half a point to 78.7, but nationwide, confidence grew by more than four points, hitting its highest level in more than five years.

Buying plans also rose for computers and home improvements, though the need for new homes, cars and furniture fell.

Douglas Lonnstrom, SRI’s founding director, says the polls were “completed prior to both the election and superstorm Sandy,” and that the storm “will necessitate consumer spending as… residents rebuild and recover.”

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