Consumer Confidence Numbers Recover Somewhat In November
Consumer confidence numbers for New York State in November showed some improvement. That according to the latest Siena College survey which shows the rate of the increase in the state is better than the nation as a whole. But pollster Doug Lonnstrom says the improvement is really due mostly to the fact that October saw really low consumer confidence numbers.
"So we have to compare October to November, if you go back to the beginning of October, remember, the government was shut down and there was fear that the United State would default on its bills, and a lot of turmoil, that hurt consumer confidence, so in October we dropped six points, in November we got four of those back, it's not that November was so great, but it didn't have all of that turmoil of October."
Lonnstrom also says that the latest survey shows that New York state residents are evenly divided about whether next year will yield good or bad business conditions.