Poll: NY consumers' optimism up, but worry over gas prices also rising
New York consumers' concern over gas prices is rising, a new poll finds. Credit: Yeong-Ung Yang
The New York State Index of Consumer Sentiment rose to 89.2 for the second quarter of 2018, up 2.1 points from the first quarter, according to a survey released Wednesday.
Index readings above 76 points indicate that the number of residents who are optimistic about their immediate financial futures is larger than the number who are pessimistic.
The Siena College Research Institute reported that consumer sentiment in New York has been "well above" the optimism/pessimism breakeven point for 15 straight quarters.
But residents are worried about gas prices, Doug Lonnstrom, the Siena pollster, wrote in a press release.
"Concern over gasoline prices hit 40 percent for the first time since June of 2015 when prices last flirted with $3 per gallon," he said.
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