By Marcus Leach
The latest Nationwide survey shows that consumer confidence fell again in the month of April as people continued to worry about the fragile state of the economy, and the lack of jobs.
Nationwide's consumer confidence index dropped two points in April, and now remains just four points above the all-time low that it reached in February of this year.
"Consumer confidence remained subdued in April and continues to hover precariously close to the record low seen in February," Robert Gardner, Nationwide's chief economist, said.
"At 43, the index stands some 32 points lower than at the same stage last year, and 37 points below its long-run average.
"Clearly, consumers are still feeling downbeat about the current situation and there is little to suggest that they expect things to improve much over the coming months."
The drop suggests George Osborne's figures showing a return to growth in the UK have done little to raise people's spirits, coupled with high unemployment and subdued wage growth to leave the index lower than expected.