Transportation, Storage and Communication (TSC) slows down
TSC grew by 2.7 percent in the fourth quarter of 2018, lower than the 4.9 percent growth recorded in the previous year. Communication, which shared 63.1 percent to the total TSC, grew at a slower pace of 2.6 percent as compared with the 5.5 percent growth in the previous year.
Storage and Services Incidental to Transport posted the fastest growth of 9.4 percent, but slower than the 10.0 percent growth in the same period of 2017. Meanwhile, Air Transport went up by 3.6 percent and Water Transport by 1.4 percent.
On the other hand, Land Transport declined by 0.9 percent during the period.
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