Consumer Comfort Index Surges

The consumer comfort index had been depressed the last several reports but not in the May 29 week as it surged from 42.0 to 43.2 for the best reading since April. Consumer confidence measures have been mixed the last month or so with some showing weakness, that is with the exception of the closely watched consumer sentiment index which has been showing notable strength. Today's results, together with upbeat chain-store reports, hint at another solid month for retail sales.