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Consumer confidence here holds steady

Overall consumer confidence—including current and future confidence—in Rochester remained stable in the third quarter, a Siena College survey shows.
In the latest quarterly Consumer Confidence survey by the Siena Research Institute, overall confidence in the Rochester metropolitan area was 75.7, unchanged from the second quarter and up from 71.9 in the third quarter last year. The area includes Livingston, Monroe, Ontario, Orleans and Wayne counties.
Rochester ranked fifth overall statewide among the eight areas surveyed.
Current confidence among Rochester-area consumers was down 2.7 points from 89.8 in the second quarter to 87.1 in the third quarter, but was unchanged from a year ago. Future confidence was up 1.7 points to 68.4. That compares with 62 a year ago.
Overall confidence among Buffalo consumers was down more than 10 points to 65.8 in the third quarter, ranking the area last in the survey. Syracuse ranked fourth statewide, with an overall consumer confidence of 77, up eight-tenths of 1 point from the second quarter.
Third-quarter buying plans in the Rochester area were down in all categories, which include vehicles, computers, furniture, homes and major home improvements.
The SRI index measures people’s willingness to spend, rather than their ability to spend. The results are based on more than 400 responses from each metropolitan area.

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