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NAICS

NAICS, (pronounced nakes) is the North American Industry Classification System. NAICS is used by business and government to classify and measure economic activity in Canada, Mexico and the United States. It replaces the older Standard Industrial Classification SIC codes. The NAICS numbering system is a six-digit code. The first five digits are generally (although not always strictly) the same in all three countries. The last digit designates national industries. The first two digits designate the largest business sector, the third digit designates the subsector, the fourth digit designates the industry group, and the fifth digit designates particular industries. The system is designed to be somewhat compatible with the United Nations Statistical Office's International Standard Industrial Classification System ISIC[?]. Work began on NAICS in the U. S. in 1992, when the Office of Management and Budget (OMB) formed the U.S. Economic Classification Policy Committee[?] (ECPC), staffed by the Bureau of Economic Analysis (BEA), the Bureau of Labor Statistics (BLS), and the Census Bureau. NAICS takes into account the huge economic change towards service businesses. The first version is NAICS 1997. The next revision is NAICS 2002.

Table of contents

U. S. NAICS Example

Sector33 Manufacturing
Subsector339Miscellaneous Manufacturing
Industry Group3399Other Miscellaneous Manufacturing
Industry33994Office Supplies (except Paper) Manufacturing
U. S. Industry339941Pen and Mechanical Pencil Manufacturing

NAICS 1997 Sectors

11Agriculture, Forestry, Fishing and Hunting
21Mining
22Utilities
23Construction
31-33Manufacturing
42Wholesale Trade
44-45Retail Trade
48-49Transportation and Warehousing
51Information
52Finance and Insurance
53Real Estate and Rental and Leasing
54Professional, Scientific, and Technical Services
55 Management of Companies and Enterprises
56 Administrative and Support and Waste Management and Remediation Services
61Education Services
62 Health Care and Social Assistance
71Arts, Entertainment, and Recreation
72Accommodation and Food Services
81Other Services (except Public Administration)
92Public Administration

Bibliography

"North American Industry Classification System (NAICS): Executive Office of the President Office of Management and Budget", Publisher: Jist Works; ISBN 1563705370; (January 1999)

"Harris' Complete Guide to NAICS" by Scott M. Vogel; Publisher: Harris Infosource; ISBN 1556009224; (September 19, 2001)

"NAICS Desk Reference", Jist Works, U. S. Census Bureau; ISBN 1563706946; Publisher: JIST Publishing; Pub. Date: July 2000

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