Thu July 11, 2013
Consumer Confidence is Up in Rochester According to Survey
Rochester area residents are feeling better about the economy than people in all other regions of the state, except Syracuse.
That's according to the Siena Research Institute, which measured consumer confidence for the second quarter.
SRI director Doug Lonnstrom says consumer sentiment has increased by 7.6 index points locally. He says residents here are planning on some larger purchases in the near future. "Out of the five areas we measured in Rochester, cars are up, computers are up, furniture is up, and home improvements are up. The only thing that was down was home buying."
Lonnstrom says consumers statewide are not feeling as positive about the future. He says that's probably due to continued concerns about the job market.