Consumer Confidence Improves In 2011

January 5, 2012 Updated Jan 5, 2012 at 9:37 AM EDT

By WKBW News

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January 5, 2012 Updated Jan 5, 2012 at 9:37 AM EDT


BUFFALO, NY ( Business First ) Consumer confidence took a healthy step forward at the end of 2011, according to Siena Research Institute. Their monthly survey shows an increase in confidence in NYS and the nation. In New York, consumer confidence increased 5.1 points in December. Nationally, it jumped 5.8 points. In December, buying plans were up slightly for computers and major home improvements. Buying plans were down for cars/trucks, furniture and homes.

At 67.3, New York's overall consumer confidence is 2.6 points below the nation's 69.9 confidence level, but it's way up from previous years. Researchers say we continue to have a long way to go. "Current confidence is equal to our May 2011 level and still well below the point at which optimism outweighs pessimism across the state's consumers," said Dr. Don Levy, SRI's director.

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