ROANOKE, Va. (WFXR) — A report on Virginia consumer sentiment shows residents of the Commonwealth feeling less confidence despite an increase in household spending.

The Virginia Consumer Sentiment and Inflation Expectations Report shows a drop in consumer sentiment of three points to 91.5, the report’s lowest level since November 2017 and a half-point below its 5-year average. The report is compiled by The Institute for Policy and Opinion Research at Roanoke College.

The drop in sentiment, the report said, was largely due to declining consumer expectations for the coming year. The increase in spending was attributed to consumers making big purchases before tariffs on Chinese-made goods go into effect.

The drop in consumer sentiment continues a trend seen much of this year.

“The Virginia Index of Consumer Sentiment (VAICS) continued into a 6-month downward trend, falling seven points since February,” the Virginia Consumer Sentiment Report said. “The national value is 89.8, down over ten points since May. In May, national respondents cited increased confidence in government inflation and unemployment policies, but have since expressed concerns about the future of the economy.”

You may read the full report by visiting Roanoke.edu/poll.