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New York Consumer Confidence Up In May

Loudonville, NY (WIBX) - New York State consumer confidence was up 2.7% in May.  That’s according to the latest poll from the Siena Research Institute.

New York’s overall consumer confidence of 67.6% is 6.7  points below the nation’s consumer confidence level of just over 74%.

Siena Research Institute Director Douglas Lonnstrom says the optimism we saw as 2011 began has eroded, with the index down nine points from January’s high.

The poll also found 67% of New Yorkers say current gasoline prices are having a very serious or somewhat serious impact on their financial condition.

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