For the first time in seven years, the JCC Business and Consumer confidence report recorded a slight decline in consumer optimism.
The JCC said the dip is associated with consumers' current realistic perception of business conditions and their expectations for jobs in the future.
Over the last two years, the report has shown that both business and consumer confidence has improved steadily over the period.
Business optimism also recorded a significant decline.
Despite this decline, businesses remain positive that their financial position will change.