New Yorker's confidence in the economy is slipping, according to a poll released by the Siena Research Institute. Consumer confidence decreased 1.2 points in August, Siena found, even as buying plans for big-ticket items like homes and cars edged up.
"Right now the nation's future outlook is terrible. In New York we are more hopeful as our outlook rises to simply pessimistic. Still, despite the needle of sentiment pointing towards a double-dip recession, we may dodge that hurricane given an uptick in buying plans most especially for homes.”
We're doing better than the country as a whole, though, which fell to its lowest levels since 2008. The press release from Siena is after the jump.