Many consumers are planning to spend more in 2019

Jan 8, 2019

Many New Yorkers continue to feel optimistic.


The latest figures from the Siena College Research Institute show the state's Index of Consumer Sentiment was up slightly in the fourth quarter, of last year, to 93.9. SCRI Director, Don Levy says, consumer sentiment remains very strong across all of New York state.

SRCI Director Don Levy
Credit File photo: Chris Caya WBFO News

"It goes to show a little bit that the daily drum beat of the stock market volatility, although it effects anyone who has a 401K, it may not effect how they feel on a daily basis. So we continue to see far more optimism than pessimism," Levy said.

In fact, he says, two-thirds of consumers state wide say "this is a good time to buy big ticket items." He says, nearly one in four plan to buy a car or truck in the next six months - and half will buy electronics.