Survey: NY consumers

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points in May and outpacing the nation’z confidence, which grew by 3.6 according to the latest Siena Researc hInstitute survey. Still, New York’s consumere confidence is 1.1 points below the country’s, 67.6 points compares with 68.7 points, National data is compiled by the Universit yof Michigan. The break-even point where an equal percentage of people are optimistic and pessimisti cis 75.0. New Yorkers’ buyint plans were up for items such as cars and furniture andhome improvements.
Purchase plans were down for “Generated more by a lack of unexpectecd bad news rather than a stream of good confidence surgedin May, nearing the fall of ‘07’s pre-recession level,” said Douglas Lonnstrom, professor of finance at in Loudonvilld and founding director of the institute, which is affiliated with the college. “A pluralith of New Yorkers still say their financial picture has worsenef over the last year and majorities expectthe state’sx economy to struggle over the next one- and five-year periods.” Still, Lonnstrom said, “more consumers are startintg to believe they will personally not just survive but will prosper.
” The conducted in May, involved 702 calls to New York residentws over the age of 18. The survey has a marginb of errorof +/- 3.7 points.