Industry classification
Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial mark... 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 | Governments of the United States, 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 | 1970, 1990, 2006 |
| ANZSIC | Australian and New Zealand Standard Industrial Classification | Governments of Australia and New Zealand | 1993, 2006 | ||
| SIC | Standard Industrial Classification | Government of the United States | 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1937–1987 (superseded by NAICS, but still used in some applications) |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 | Government of the United Kingdom | 1948-present (2007) | ||
| TRBC | Thomson Reuters Business Classification | Thomson Reuters | market/ company |
10/25/52/124[2] | |
| SNI | Swedish Standard Industrial Classification | Government of Sweden | |||
| UNSPSC | United Nations Standard Products and Services Code | United Nations | Product | 8 digits (optional 9th) | 1998 - present |
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:
- FactSet's Revere, line-of-business, about 11,000 leaf nodes, acquired in 2013[4]
- IndustryBuildingBlocks, line-of-business about 15,000 leaf nodes
- First Research taxonomy, used by Hoover's[5]
- WAND, Inc.'s Product and Service Taxonomy
See also
Notes
- ↑ Standard & Poor's, "What's an Industry" pdf
- 1 2 Dave Nadig, Lara Crigger, "Signal from Noise" IndexUniverse, p. 2
- ↑ http://www.census.gov/eos/www/naics/2007NAICS/2007_NAICS_Index_File.xls
- ↑ http://www.factset.com/campaigns/revere
- ↑ First Research taxonomy at Hoover's
References
- Michael E. Porter (1980). Competitive Strategy. Free Press, New York. ISBN 978-0743260886.
- Michael E. Porter (1985). Competitive Advantage. Free Press, New York. ISBN 978-0743260879.
- Bernard Guibert, Jean Laganier, and Michel Volle, "An Essay on Industrial Classifications", Économie et statistique 20 (February 1971) full text
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