North American Industry Classification System. The North American Industry Classification System or NAICS (pronounced . It has largely replaced the older Standard Industrial Classification (SIC) system; however, certain government departments and agencies, such as the U. S. Securities and Exchange Commission (SEC), still use the SIC codes. An establishment is typically a single physical location, though administratively distinct operations at a single location may be treated as distinct establishments. Each establishment is classified to an industry according to the primary business activity taking place there. NAICS does not offer guidance on the classification of enterprises (companies) which are composed of multiple establishments. The NAICS numbering system employs a five or six- digit code at the most detailed industry level. The first five digits are generally (although not always strictly) the same in all three countries. The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, the fifth digit designates the NAICS industries, and the sixth digit designates the national industries. History. The system is designed to be largely compatible with the United Nations Statistical Office's International Standard Industrial Classification system (ISIC). NAICS versions are released every five years. With the first version, released in 1. NAICS offered enhanced coverage of the service sector, relative to SIC. The 2. 00. 2 revision accommodated significant changes in the Information Sector. The 2. 01. 2 revision slightly reduced the number of industries and modified six sectors. Retrieved 1. 4 September 2. United States Census Bureau. How does NAICS 2. NAICS 2. 00. 7? Frequently Asked Questions NAICS. United States Census Bureau. Retrieved December 1. ![]() ![]()
![]() ![]() Introduction to NAICS. The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business.Industry is the backbone of the European economy. The recent economic crisis has underlined the important role of the European Commission in supporting industry. Guidance for Industry. Cooperative Manufacturing. Arrangements for Licensed Biologics. Additional copies of this guidance are available from the Office of.
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