Transportation, Storage and Communication (TSC) accelerates
TSC posted a
6.4 percent growth in the first quarter of 2018, higher compared with the 4.2 percent posted in the previous year. Communication, which shared 57.2 percent to the entire TSC, was the top contributor to the growth with 4.1 percentage points. Moreover, the growth of 7.3 percent during the period was higher than the 1.3 percent growth in the same period a year ago.
Other subsectors also grew during the period but at a slower pace: Land transportation, grew by
4.3 percent; Storage and Services Incidental to transport, grew by 8.8 percent; and Air transportation grew by 6.1 percent. On the other hand, Water transportation declined by 1.8 percent from a 10.9 percent growth in the same quarter of previous year.