By Marcus Leach
According to data released by Nationwide building society UK consumer confidence has fallen in September.
The drop marks the fourth consecutive month in which confidence has dropped, as the index fell three points to 45. The same time last year the index was ten points higher.
Nationwide said that 80% of consumers believe there will be no improvement in the economy over the next six months.
"The economy has hardly grown in 2011, and pressure has continued to mount on household budgets," said Robert Gardner, Nationwide's chief economist.
However, Mr Gardner suggested measures such as tackling the eurozone crisis, the return of quantitative easing and possible "credit easing" by the treasury could make a difference.
"This could translate into improved consumer confidence, if people believe these efforts will be successful in lifting the economy out of its current malaise," he added.
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