NAICS

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Related to North American Industry Classification System: Standard Industrial Classification

NAICS

North American Industrial Classification System. A system of six digit codes used in business to classify the industry to which a company belongs. The NAICS was created by the U.S. Office of Management and Budget in 1997 to facilitate communication within and between businesses and industries. For example, an iron ore mining company might file under the code 212210.
References in periodicals archive ?
Two previous articles in this column have reviewed the status of the incorporation by Federal statistical agencies of the North American Industry Classification System (NAICS) to replace the Standard Industry Classification System (SIC).
The 2002 Economic Census will be compatible, with the North American Industry Classification System, which includes a separate-code for remodeling.
17 statistical release, moving to the 2002 North American Industry Classification System (NAICS) from the previous 1987 Standard Industrial Classification (SIC) system.
The survey, MA333P in the Current Industrial Reports series, includes all domestic producers of pumps and compressors classified in the North American Industry Classification System codes 333911, "Pumps and Pumping Equipment Manufacturing," and 333912, "Air and Gas Compressor Manufacturing.
Research and development gets a boost in the North American Industry Classification System (NAICS), which has recently replaced the U.
Taxpayers eligible for relief under this notice first must determine that their principal business activity does not fall into the following North American Industry Classification System (NAICS) codes:
Turley adds that the study's authors compiled information from companies listed under North American Industry Classification System (NAICS) 42193, the code that covers recycling companies including scrap yards and C&D recyclers, but that many C&D operations are affiliated with aggregate producers, road building or demolition contractors or excavating firms that would not be placed in the 42193 sector.
Although many agencies have their own identifying codes, two universally recognized codes are identified: Federal Information Processing System and North American Industry Classification System.
The May data, based on a new sample, were the first to utilize the North American Industry Classification System, which is replacing the Standard Industrial Classification system that has long been in use.
Updated most recently in 1987, the codes are now outdated and are being replaced by the North American Industry Classification System (NAICS).
Now, with the mandated reclassification of dance school businesses to fine arts schools ("establishments primarily engaged in offering instruction in the arts, including dance, art, drama, and music") in Category 611610 under the North American Industry Classification System (NAICS), dance educators are acknowledged as the professionals they have long been.
Data from the 1997 Economic Census are published primarily on the basis of the North American Industry Classification System (NAICS), unlike earlier censuses, which were published according to the Standard Industrial Classification (SIC) system.

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