An industrial classification system developed for use in the North American free trade area.
The North American Industry Classification System (NAICS) is replacing the U.S. Standard Industrial Classification (SIC) system. NAICS will reshape the way we view our changing economy. NAICS was developed jointly by the U.S., Canada, and Mexico to provide new comparability in statistics about business activity across North America.
The NAICS (North American Industry Classification System) is issued by the Office of Management and Budget and used within the Federal Government to identify similar products and services.
(NAICS): The new term for the Standard Industrial Classification (SIC) system. It classifies establishments according to how they contuct their economic activity. Improved to accurately identify industries. Effective October 1, 2000. Can be found in the FAR 19.
A classification system that categorizes establishments into groups with similar economic activities. The structure of NAICS, adopted by Statistics Canada in 1997 to replace the 1980 Standard Industrial Classification (SIC) system, has been developed by the statistical agencies of Canada, Mexico and the United States.
The successor to the Standard Industrial Classification (SIC) system (see below); this system of classifying business establishments is now being used by the United States, Canada, and Mexico.
Developed by the United States, Canada, and Mexico to provide comparable statistics of industrial production across the three countries and replace SIC. NAICS also provides for increased comparability with the International Standard Industrial Classificat
The successor to the Standard Industrial Classification (SIC) System. The United States, Mexico, and Canada use this system of classifying business establishments. Due to differences in NAICS and SIC structures, industry Covered Employment & Wage (ES-202) data for 2001 are not comparable to the SIC-based data for earlier years. Current Employment Statistic (CES) data have been reconstructed under NAICS back to 1990. NAICS focuses on how products and services are created, as opposed to the SIC focus on what is produced.
An industry classification system used by statistical agencies to facilitate the collection, tabulation, presentation, and analysis of data relating to establishments. NAICS is erected on a production-oriented conceptual framework that groups establishments into industries according to similarity in the process used to produce goods or services. Under NAICS, an establishment is classified to one industry based on its primary activity. NAICS was developed jointly by Canada, Mexico, and the United States to provide comparability in economic statistics. It replaced the Standard Industrial Classification (SIC) system in 1997.
(NAICS) NAICS classifies industries using 2-, 3-, 4-, 5-, and 6- digit levels of detail. Two-digit codes represent sectors, the broadest classifications. Six-digit codes represent individual industries in the U.S. The North American Industry Classification System was developed by representatives from the United States, Canada, and Mexico, and replaces each countryís separate classification system with one uniform system for classifying industries. In the United States, NAICS replaces the Standard Industrial Classification, a system that federal, state, and local governments, the business community, and the general public have used since the 1930s. (Census)
