Consumer sentiment dipped slightly in July with more Americans skeptical about the long-term strength of the economic recovery.

Overall, U.S. consumers are more optimistic about current economic conditions when compared to six years ago, Reuters said.

But this optimism was offset by a decline in confidence over the recovery's long-term prospects.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment edged down to 83.9 from 84.1 in June, shy of forecasts for 85.