Consumer confidence has dropped to its lowest level since February 2009, increasing fears that the UK’s economy is falling back into recession. The latest Consumer Confidence Index from research firm GfK NOP fell to minus 32 in October from a level of minus 30 in September. It is only the third time since the study began nearly 30 years ago that the index has gone this low and is significantly down on the figure of minus 19 this time last year. Nick Moon, managing director of GfK NOP Social Research, said: “At this point in time, consumers' outlook is becoming increasingly pessimistic about the UK's general economic situation over the coming year. “Additionally, the climate for major purchases has worsened, suggesting the government can't rely on people spending their way out of the double-dip recession that is likely to be on the horizon.”