Supporting Excel spreadsheet documents 1 and 2
|
February
2004 Consumer
Confidence: |
The Nation |
New
York State |
diff. pnts |
|
New
York State
|
Metro New York City
|
Upstate NY |
Overall
|
94.4
(-9.4) |
81.3
(-4.0) |
13.1 |
81.3
(-4.0) |
81.6
(-5.5) |
80.5
(-1.3) |
|
|
Current |
103.6
(-5.9) |
83.0
(-5.3) |
20.6 |
83.0
(-5.3) |
78.1
(-9.1) |
90.6no
chng |
|
|
Future |
88.5 (-11.6) |
80.3
(-3.1) |
8.2 |
80.3
(-3.1) |
83.9
(-3.2) |
74.0
(-2.1) |
Each
month, the SRI survey establishes a Consumer Confidence index number for New
York State consumers. This index number allows a comparison of New Yorkers to
all Americans (“the nation”) as surveyed by the University of Michigan’s
Consumer Sentiment index. The SRI survey measures current and future
consumer confidence, which combined provides the overall consumer
confidence. SRI further looks at confidence in New York State by region (metro
New York City and Upstate), age, income, gender and party.
Consumer
Confidence in New York State: January/February 2004
(Groups
listed in descending order by February’s Overall CCI
Rating) |
|||||||||
|
|
Overall |
Current |
Future |
||||||
|
|
Jan |
Feb |
chng |
Jan |
Feb |
chng |
Jan |
Feb |
chng |
|
Republicans
|
103.4 |
97.8 |
-5.6 |
106.8 |
99.3 |
-7.5 |
101.2 |
96.8 |
-4.4 |
|
Higher
income |
91.0 |
87.3 |
-3.7 |
96.6 |
89.8 |
-6.8 |
87.3 |
85.6 |
-1.7 |
|
Men
|
89.2 |
85.9 |
-3.3 |
94.0 |
86.8 |
-7.2 |
86.1 |
85.4 |
-0.7 |
|
Under
Age 55 |
88.1 |
84.6 |
-3.5 |
90.2 |
85.3 |
-4.9 |
86.8 |
84.2 |
-2.6 |
|
Metro
NYC |
87.1 |
81.6 |
-5.5 |
87.1 |
78.1 |
-9.1 |
87.1 |
83.9 |
-3.2 |
|
New
York State
|
85.3 |
81.3 |
-4.0 |
88.3 |
83.0 |
-5.3 |
83.4 |
80.3 |
-3.1 |
|
Upstate
NY |
81.8 |
80.5 |
-1.3 |
90.6 |
90.6 |
no
chng |
76.1 |
74.0 |
-2.1 |
|
Women
|
81.3 |
77.3 |
-4.0 |
82.6 |
79.6 |
-3.0 |
80.5 |
75.9 |
-4.6 |
|
Lower
income |
78.4 |
74.7 |
-3.7 |
75.8 |
74.7 |
-1.1 |
80.0 |
74.7 |
-5.3 |
|
Democrats
|
79.4 |
73.8 |
-5.6 |
80.7 |
71.6 |
-9.1 |
78.6 |
75.2 |
-3.4 |
|
Age
55+ |
80.5 |
73.6 |
-6.9 |
85.3 |
77.7 |
-7.6 |
77.4 |
71.0 |
-6.4 |
|
|
Overall Feb. CCI Stats: Highest
CCI: 97.8 (Republicans)
Lowest CCI:
73.6
(Age
55+)
Greatest
drop: -6.9 (Age
55+) |
Current Feb. CCI Stats: Highest
CCI: 99.3 (Republicans) Lowest CCI:
71.6
(Democrats) Greatest
drop: -9.1 (Democrats,
Metro NYC) |
Future Feb. CCI Stats: Highest
CCI: 96.8 (Republicans) Lowest CCI:
71.0
(Age
55+) Greatest
drop: -6.4 (Age
55+) |
||||||
Buying
plans were mixed: major home improvements, up 2.9 points to 25.3%; computers, up
2.4 points to 19.7%; cars and trucks, up 2.3 to 19.4%; furniture, down 2.7
points to 22.9%; and home buying, down 1.6 points to 7.3%;
“Consumer confidence is so fragile right now that any news, good or bad, moves it up or down,” notes Dr. Douglas Lonnstrom, professor of statistics and finance at Siena College and SRI Director. “Unfortunately, this month bad news prevailed. Alan Greenspan’s concerns about social security sent tremors through the economy, and workers are still worried about their jobs.”
The
SRI survey of Consumer Confidence was conducted in February 2004 by random
telephone calls to 620 New York State residents over the age of 18.
It has a margin of error of + 3.9 points.
For more information or comments, please call Dr. Douglas Lonnstrom,
Siena College professor of finance and statistics and SRI Director, at
727-939-3774. Survey
cross-tabulations and frequencies can be found at www.siena.edu/sri/surveys.asp. *National data compiled by the University of Michigan.