GAINESVILLE, Fla. — Consumer confidence is dipping slightly.
The monthly University of Florida consumer survey released Tuesday shows consumer confidence dropped after reaching one of its highest points since 2002.
The survey measured confidence in August at 96.5, which is 1.2 points lower than it was previously. The lowest index possible is a 2, and the highest is 150.
Hector Sandoval of the Economic Analysis Program at UF’s Bureau of Economic and Business Research said consumer confidence is still higher than it has been on average for the last year. But he added that consumers are becoming more pessimistic about national economic conditions in the long run.
Sandoval said older consumers remain positive about the economy, but those making under $50,000 have negative perceptions about the future.