Transportation, Storage and Communication (TSC) weakens
Transportation, Storage and Communication (TSC) posted a
3.9 percent growth, albeit slower compared with the 4.6 percent growth posted in the previous year. Communication, which shared 59.0 percent to the entire TSC sector, was the top contributor to the 3.9 percent growth with 3.6 percentage points. This subsector grew by 6.3 percent in the third quarter, faster than the 0.7 percent growth in the same period in the previous year.
Storage and Services incidental to transport likewise contributed to the growth as it grew by
6.2 percent, slower compared with the 14.9 percent growth in the previous year. On the other hand, Land Transportation and Air Transportation both posted a decline of 2.2 percent and 0.7 percent, respectively.