Consumer confidence turns negative

Filipino families have become pessimistic, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, worrying over higher living costs, inadequate salaries and the lack of jobs.

BSP Department of Economic Statistics Director Redentor Paolo Alegre Jr. (left) and Deputy Governor Diwa Guinigundo speak at a briefing on the latest consumer confidence data. PHOTO BY ROGER RAÑADA