Consumer Comfort Index Drops Sharply

Because weekly indicators are subject to volatility, trends are always important to consider. The consumer comfort index fell a very sharp 1.9 points in the August 28 week to 43.4, but the prior week's 45.3, which is the strongest reading of the year, looks like an odd outlier. Splitting the difference puts the index in the low 44 area which is respectable and roughly where the index has been trending all year. Most readings on consumer spirits, including this index, are solid and ultimately reflect the strength of the labor market.