Prosper: Consumer Confidence Gains In June

According to Prosper Insights & Analytics, consumer sentiment gained in June after declining in May. In its monthly study, 46.3% of respondents contacted in early June said they were very confident or confident in a strong economy, up from 43.7% in early May.

Still, the number is down from the figure recorded in June of last year, 49.7%, Prosper noted.

The proportion of consumers who said they are focusing on what they need rather than what they want when it comes to purchasing declined month over month to 41.8% from 44.3% in May, and also year over year from 44.8% in June 2015, according to the study.

Fewer survey respondents said they had become more practical and realistic in purchasing versus May, down to 37.2% from 39.6%, and versus June a year ago, when the figure was 37.4%.