The survey's headline measure showed a net 62.6% of respondents expected the economy to deteriorate over the year ahead. That compared with a 55.6% pessimism level in the previous poll in May.

A net 9.1% of respondents expected their own businesses to

contract in the next 12 months, from a contraction of 4.7% previously.

(Reporting by Lucy Craymer; Editing by Jacqueline Wong)