Industry classification

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Industry classification or industry taxonomy organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.

A wide variety of taxonomies is in use, sponsored by different organizations and based on different criteria.[1]

Abbreviation Full name Sponsor Criterion/
Unit
Node count by level Issued
ISIC International Standard Industrial Classification of All Economic Activities United Nations Statistics Division production/
establishment
4 digits
21/88/238/419
1948–present (Rev. 4, 2008)
NAICS North American Industry Classification System Statistical bureaus of US, Canada, and Mexico production/
establishment
6 digits
17/99/313/724/1175 (/19745)1
1997, 2002, (2012)
NACE Statistical Classification of Economic Activities in the European Community European Community production/
establishment
6 digits
ANZSIC Australian and New Zealand Standard Industrial Classification
SIC Standard Industrial Classification US production/
establishment
4 digits
1004 categories
1937–1987 (superseded by NAICS, but still used in some applications)
ICB Industry Classification Benchmark FTSE market/
company
10/20/41/114[2]
GICS Global Industry Classification Standard Standard & Poor's, Morgan Stanley Capital International market/
company
2-8 digits
10/24/68/154
UKSIC United Kingdom Standard Industrial Classification of Economic Activities
TRBC Thomson Reuters Business Classification Thomson Reuters market/
company
10/25/52/124[2]
SNI Swedish Standard Industrial Classification

1The NAICS Index File[3] lists 19745 rubrics beyond the 6 digits which are not assigned codes.

Besides the widely used taxonomies above, there are also more specialized proprietary systems:

See also[edit]

Notes[edit]

  1. ^ Standard & Poor's, "What's an Industry" pdf
  2. ^ a b Dave Nadig, Lara Crigger, "Signal from Noise" IndexUniverse, p. 2
  3. ^ http://www.census.gov/eos/www/naics/2007NAICS/2007_NAICS_Index_File.xls
  4. ^ First Research taxonomy at Hoover's

References[edit]