British consumers are increasingly concerned about economic conditions, according to a new survey for the European Commission.

Conducted by Martin Hamblin GFK, the study found that confidence dropped 3 points in October to a reading of 1, the lowest since December 2001. Such findings echo recent reports from the US [WAMN: 30-Oct-01].

Some 46% of respondents said they believed the economic situation had deteriorated over the last twelve months, while the index measuring future expectations fell 3 points to –11.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff