Transportation, Storage and Communication (TSC) slows down
TSC grew by 5.5 percent in the second quarter of 2019, slower than the 6.0 percent growth posted in the same period of the previous year. Communication, which has the largest share to the total TSC, contributed most to the growth as it grew by 5.1 percent.
Air Transport, the second largest contributor to the TSC growth, recorded the fastest growth of 17.7 percent. This was followed by Water Transport, which grew by 12.2 percent. Storage and Services Incidental to Transport and Land Transport likewise expanded by 5.8 percent and 2.1 percent, respectively.
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