Standard Industrial Classification

Standard Industrial Classification (SIC ) is a classification scheme for different industries or sectors in the U.S.. This classification scheme, which has existed since the 1930s, took place in the North American research frequent use to conduct sector inquiries.

The SIC was established in 1997 jointly developed by the United States, Canada and Mexico, six-digit North American Industry Classification System ( NAICS ) replaced. Some authorities, such as the United States Securities and Exchange Commission (SEC), it will continue to be used.

Construction

When SIC industry of each two -, three - or four-digit numeric codes are assigned. Similar industries are grouped into so-called main groups (Major Groups). Main groups are in turn aggregated into ten divisions. These are:

  • Division A: Agriculture, Forestry, Fishing
  • Division B: Mining
  • Division C: Construction
  • Division D: Manufacturing
  • Division E: Transportation, Communications, Electric, Gas and Sanitary Services
  • Division F: Wholesale Trade
  • Division G: Retail Trade
  • Division H: Finance, Insurance and Real Estate
  • Division I: Services
  • Division J: Public Administration

The SIC is not identical to the ISIC, the International Classification System of the UN, such as the is used in a development by the European Union.

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