DOCSLIB.ORG

North American Industry Classification System (NAICS) Code and Descriptions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
North American Industry Classification System (NAICS) Code and Descriptions North American Industry Classification System (NAICS) Code and Descriptions To use this document, please click on NAICS Section code in which you are engaged. The link will direct you to the available NAICS codes within each Section code. If you do not know which section that you are in, you will find all the details in the next several pages. Section Description Menu 11 Agriculture, Forestry, Fishing and Hunting 21 Mining, Quarrying, and Oil and Gas Extraction 22 Utilities 23 Construction 31-33 Manufacturing 42 Wholesale Trade 44-45 Retail Trade 48-49 Transportation and Warehousing 51 Information 52 Finance and Insurance 53 Real Estate and Rental and Leasing 54 Professional, Scientific and Technical Services 55 Management of Companies and Enterprises 56 Administrative and Support and Waste Management and Remediation Services 61 Education Services 62 Health Care and Social Assistance 71 Arts, Entertainment, and Recreation 72 Accommodation and Food Services 81 Other Services (except Public Administration) 92 Public Administration NAICS Description NAICS Description NAICS Description Agriculture, Forestry, Fishing and Utilities 236200 Nonresidential Building Construction Hunting 111000 Crop Production 221000 Utilities 236210 Industrial Building Construction Electric Power Generation, Transmission and Commercial and Institutional Building 112000 Animal Production and Aquaculture 221100 236220 Distribution Construction 113000 Forestry and Logging 221200 Natural Gas Distribution 237000 Heavy and Civil Engineering Construction 114000 Fishing, Hunting and Trapping 221300 Water Sewage and Other Systems 237100 Utility System Construction Support Activities for Agriculture and Water and Sewer Line and Related 115000 237110 Forestry Construction Structures Construction Mining, Quarrying, and Oil and Gas Oil and Gas Pipeline and Related Structures 230000 Construction 237120 Extraction Construction Power and Communication Line and 211000 Oil and Gas Extraction 236000 Construction of Buildings 237130 Related Structures Construction 212000 Mining (except Oil and Gas) 236100 Residential Building Construction 237210 Land Subdivision New Single-Family Housing Construction 212100 Coal Mining 236115 237310 Highway, Street, and Bridge Construction (except For-Sale Builders) New Multifamily Housing Construction Other Heavy and Civil Engineering 212200 Metal Ore Mining 236116 237990 (except For-Sale Builders) Construction 212300 Nonmetallic Mineral Mining and Quarrying 236117 New Housing For-Sale Builders 238000 Specialty Trade Contractors Foundation, Structure, and Building Exterior 213000 Support Activities for Mining 236118 Residential Remodelers 238100 Contractors The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments. NAICS Description NAICS Description NAICS Description Poured Concrete Foundation and Structure 238110 238310 Drywall and Insulation Contractors 313000 Textile Mills Contractors Structural Steel and Precast Concrete 238120 238320 Painting and Wall Covering Contractors 314000 Textile Product Mills Contractors 238130 Framing Contractors 238330 Flooring Contractors 315000 Apparel Manufacturing 238140 Masonry Contractors 238340 Tile and Terrazzo Contractors 316000 Leather and Allied Product Manufacturing 238150 Glass and Glazing Contractors 238350 Finish Carpentry Contractors 321000 Wood Product Manufacturing 238160 Roofing Contractors 238390 Other Building Finishing Contractors 322000 Paper Manufacturing 238170 Siding Contractors 238900 Other Specialty Trade Contractors 323000 Printing and Related Support Activities Other Foundation, Structure, and Building Petroleum and Coal Products 238190 238910 Site Preparation Contractors 324000 Exterior Contractors Manufacturing 238200 Building Equipment Contractors 238990 All Other Specialty Trade Contractors 325000 Chemical Manufacturing Electrical Contractors and Other Wiring 238210 325100 Basic Chemical Manufacturing Installation Contractors Manufacturing Plumbing, Heating, and Air-Conditioning Resin, Synthetic Rubber, and Artificial Synthetic 238220 311000 Food Manufacturing 325200 Contractors Fibers and Filaments Manufacturing Pesticide, Fertilizer, and Other Agricultural 238290 Other Building Equipment Contractors 312100 Beverage Manufacturing 325300 Chemical Manufacturing Pharmaceutical and Medicine 238300 Building Finishing Contractors 312200 Tobacco Manufacturing 325400 Manufacturing The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments. NAICS Description NAICS Description NAICS Description Steel Product Manufacturing from 325500 Paint, Coating, and Adhesive Manufacturing 331200 333000 Machinery Manufacturing Purchased Steel Soap, Cleaning Compound, and Toilet Alumina and Aluminum Production and Agriculture, Construction, and Mining 325600 331300 333100 Preparation Manufacturing Processing Machinery Manufacturing Other Chemical Product and Preparation Nonferrous Metal (except Aluminum) 325900 331400 333200 Industrial Machinery Manufacturing Manufacturing Production and Processing Commercial and Service Industry Machinery 326100 Plastics Product Manufacturing 331500 Foundries 333300 Manufacturing Ventilation, Heating, Air-Conditioning, and 326200 Rubber Product Manufacturing 332000 Fabricated Metal Product Manufacturing 333400 Commercial Refrigeration Equipment Manufacturing 327000 Nonmetallic Mineral Product Manufacturing 332100 Forging and Stamping 333500 Metalworking Machinery Manufacturing Engine, Turbine, and Power Transmission 327100 Clay Product and Refractory Manufacturing 332200 Cutlery and Handtool Manufacturing 333600 Equipment Manufacturing Architectural and Structural Metals Other General Purpose Machinery 327200 Glass and Glass Product Manufacturing 332300 333900 Manufacturing Manufacturing Boiler, Tank, and Shipping Container Computer and Electronic Product 327300 Cement and Concrete Product Manufacturing 332400 334000 Manufacturing Manufacturing Computer and Peripheral Equipment 327400 Lime and Gypsum Product Manufacturing 332600 Spring and Wire Product Manufacturing 334100 Manufacturing Other Nonmetallic Mineral Product Machine Shops; Turned Product; and Screw, 327900 332700 334200 Communications Equipment Manufacturing Manufacturing Nut, and Bolt Manufacturing Coating, Engraving, Heat Treating, and Allied 331000 Primary Metal Manufacturing 332800 334300 Audio and Video Equipment Manufacturing Activities Iron and Steel Mills and Ferroalloy Other Fabricated Metal Product Semiconductor and Other Electronic 331100 332900 334400 Manufacturing Manufacturing Component Manufacturing The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments. NAICS Description NAICS Description NAICS Description Navigational, Measuring, Electromedical, and Lumber and Other Construction Materials 334500 336600 Ship and Boat Building 423300 Control Instruments Manufacturing Merchant Wholesalers Manufacturing and Reproducing Magnetic Other Transportation Equipment Professional and Commercial Equipment and 334600 336900 423400 and Optical Media Manufacturing Supplies Merchant Wholesalers Electrical Equipment, Appliance, and Furniture and Related Product Metal and Mineral (except Petroleum) 335000 337000 423500 Component Manufacturing Manufacturing Merchant Wholesalers Household and Institutional Furniture and Household Appliances and Electrical and 335100 Electric Lighting Equipment Manufacturing 337100 423600 Kitchen Cabinet Manufacturing Electronic Goods Merchant Wholesalers Office Furniture (including Fixtures) Hardware, and Plumbing and Heating 335200 Household Appliance Manufacturing 337200 423700 Manufacturing Equipment and Supplies Merchant Wholesalers Other Furniture Related Product Machinery, Equipment, and Supplies 335300 Electrical Equipment Manufacturing 337900 423800 Manufacturing Merchant Wholesalers Other Electrical Equipment and Component Miscellaneous Durable Goods Merchant 335900 339000 Miscellaneous Manufacturing 423900 Manufacturing Wholesalers Medical Equipment and Supplies 336000 Transportation Equipment Manufacturing 339100 424000 Merchant Wholesalers, Nondurable Goods Manufacturing Paper and Paper Product Merchant 336100 Motor Vehicle Manufacturing 339900 Other Miscellaneous Manufacturing 424100 Wholesalers Motor Vehicle Body and Trailer Drugs and Druggists' Sundries Merchant 336200 424200 Manufacturing Wholesale Trade Wholesalers Apparel, Piece Goods, and Notions 336300 Motor Vehicle Parts Manufacturing 420000 Wholesale Trade 424300 Merchant Wholesalers Grocery and Related Product Merchant 336400 Aerospace Product and Parts Manufacturing 423000 Merchant Wholesalers, Durable Goods 424400 Wholesalers Motor Vehicle and Motor Vehicle Parts and Farm Product Raw Material Merchant 336500 Railroad Rolling Stock Manufacturing 423100 424500 Supplies Merchant Wholesalers Wholesalers The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments. NAICS Description NAICS Description NAICS Description Chemical and Allied Products Merchant 424600 443000 Electronics and Appliance Stores 448300 Jewelry, Luggage, and Leather Goods Stores Wholesalers Petroleum and Petroleum Products Building Material and Garden Equipment Sporting Goods, Hobby, and Musical 424700 444000 451100 Merchant Wholesalers and Supplies Dealers Instrument
Load more

Recommended publications
  • Guide to Industry Classifications for International Surveys, 2012
    U.S. DEPARTMENT OF COMMERCE Bureau of Economic Analysis GUIDE TO INDUSTRY CLASSIFICATIONS FOR INTERNATIONAL SURVEYS, 2012 Industry classifications adapted from the 2012 North American Industry Classification System (NAICS) BE-799 (REV. 2-2012) Cover prints on Blue index, 110 sub INDUSTRY CLASSIFICATIONS The international surveys industry (ISI) classifications described here are to be used when completing the industry classifications items in BEA’s surveys of direct investment and services. The classifications and their code numbers were adapted by BEA from the 2012 North American Industry Classification System (hereafter referred to as the “2012 NAICS”). Industry classifications in the previous version of this guide were adapted from the 2007 North American Industry Classification System. Changes to ISI codes Reflecting the changes made to the NAICS for 2012, the new 2012 ISI classifications differ minimally from the 2007 ISI classifications. The table below summarizes the few reclassifications of activities that use a different ISI code from 2007: From: 2007 International Surveys To: 2012 International Surveys Industry Industry Activity that is reclassified Name Code Name Code MANUFACTURING Wood television, radio, and sewing Furniture and related 3370 Wood products manufacturing 3210 machine cabinet manufacturing products manufacturing (part) (part) Digital camera manufacturing Computer and peripheral 3341 Commercial and service industry 3333 equipment manufacturing (part) machinery manufacturing (part) WHOLESALE TRADE Gas household
    [Show full text]
  • U.S. Meatpacking: Dynamic Forces of Change in a Mature Industry
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics 1st Quarter 2011 | 26(1) U.S. MEATPACKING: DYNAMIC FORCES OF CHANGE IN A MATURE INDUSTRY Brian L. Buhr and Bruce Ginn JEL Classifications: Q13, Q18, L11, L22, L2, L66 Keywords: Meatpacking, Five Forces, Competition, Supply Chain, Vertical Coordination, Relevant Markets Meatpacking in the United States is a mature industry. Overall domestic per capita meat consumption levels have been stable for the past 25 years. As typical of mature industries, meatpackers compete by reducing costs through technical change, increasing in size and scope through acquisition or vertical coordination and by expanding into developing international markets. Meatpackers have also gained subtle product differentiation and pricing advantages and modest brand loyalty by vertically coordinating genetics, feeding, and processing. This has resulted in improved ability to meet consumer demands; enhancing revenues rather than simply competing on costs. Although meatpacking is a mature industry, this is not to say that it does not face many dynamic forces of change. Entry into the U.S. market by foreign competitors has raised the global competitive ante. Environmental and social issues such as climate impacts on crops and water resources, the emergence of zoonotic diseases, and calls for improved animal welfare are changing management practices. Policy issues, including proposals to improve meat product safety, to reduce the use of antibiotics, and to place limits on animal ownership and contracting strategies, are also impacting packers. Our goal is to address the impact of these forces on meatpackers’ competitive strategies using Porter’s “Five Forces” analysis.
    [Show full text]
  • Industry Classification Benchmark (Equity) V3.8
    Ground Rules Industry Classification Benchmark (Equity) v3.8 ftserussell.com An LSEG Business June 2021 Contents 1.0 Introduction .................................................................... 4 1.1 Industry Classification Benchmark .................................................... 4 1.2 FTSE Russell .................................................................................... 4 2.0 Management Responsibilities ....................................... 5 2.1 FTSE Russell .................................................................................... 5 2.2 FTSE Russell Industry Classification Advisory Committee ........ 5 2.3 FTSE Russell Policy Advisory Board ............................................ 5 3.0 FTSE Russell Index Policies ......................................... 6 3.1 Challenges and Appeals ................................................................. 6 3.2 Policy for Benchmark Methodology Changes ................................... 6 4.0 Classification Guidelines .............................................. 7 4.1 Basis of Decisions ........................................................................... 7 4.2 Allocation of Companies to Subsectors ....................................... 7 4.3 Changes to the Classification of a Company ............................... 8 4.4 Industry Sectors .............................................................................. 8 4.5 Changes to the Industry Classification Benchmark .................... 9 5.0 Periodic Reviews ........................................................
    [Show full text]
  • Industry Classification Benchmark (Equity) V2.3
    Ground Rules Industry Classification Benchmark (Equity) v2.3 ftserussell.com July 2017 Contents 1.0 Introduction ......................................................................... 3 2.0 Management Responsibilities ............................................ 4 3.0 Queries, Complaints and Appeals ..................................... 5 4.0 Classification Guidelines ................................................... 6 5.0 Periodic Reviews ................................................................ 8 6.0 Structure and Definitions ................................................... 9 Appendix A: Further Information .............................................. 22 FTSE Russell | Industry Classification Benchmark (Equity), v2.3, July 2017 2 of 22 Section 1 Introduction 1.0 Introduction 1.1 The Industry Classification Benchmark (ICB) is a detailed and comprehensive structure for sector and industry analysis, facilitating the comparison of companies across four levels of classification and national boundaries. The classification system allocates companies to the Subsector whose definition closely describes the nature of its business as determined from the source of its revenue or the source of the majority of its revenue where available, as detailed in Rule 4.2.1. The structure and definitions of all Subsectors of ICB are available in Section 6. 1.2 FTSE Russell FTSE Russell is a trading name of FTSE International Limited (FTSE), Frank Russell Company (Russell), FTSE TMX Global Debt Capital Markets Inc. and FTSE TMX Global Debt
    [Show full text]
  • ISIC) Is the International Reference Classification of Productive Activities
    Economic & Social Affairs @ek\ieXk`feXcJkXe[Xi[@e[ljki`Xc:cXjj`]`ZXk`fef]8cc<Zfefd`Z8Zk`m`k`\j@J@: #I\m%+ @ek\ieXk`feXcJkXe[Xi[@e[ljki`Xc :cXjj`]`ZXk`fef]8cc<Zfefd`Z 8Zk`m`k`\j@J@: #I\m%+ Series M No. 4, Rev.4 Statistical Papers asdf United Nations Published by the United Nations ISBN 978-92-1-161518-0 Sales No. E.08.XVII.25 07-66517—August 2008—2,330 ST/ESA/STAT/SER.M/4/Rev.4 Department of Economic and Social Affairs Statistics Division Statistical papers Series M No. 4/Rev.4 International Standard Industrial Classification of All Economic Activities Revision 4 asdf United Nations New York, 2008 Department of Economic and Social Affairs The Department of Economic and Social Affairs of the United Nations Secretariat is a vital interface between global policies in the economic, social and environmental spheres and national action. The Department works in three main interlinked areas: (i) it compiles, generates and analyses a wide range of economic, social and environ- mental data and information on which States Members of the United Nations draw to review common problems and to take stock of policy options; (ii) it facilitates the negotiations of Member States in many intergovernmental bodies on joint courses of action to address ongoing or emerging global challenges; and (iii) it advises interested Governments on the ways and means of translating policy frameworks developed in United Nations conferences and summits into programmes at the country level and, through technical assistance, helps build national capacities. Note The designations used and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
    [Show full text]
  • 1. Industry Classification Benchmark (Icb)
    STOXX LIMITED 1/13 1.1. INDUSTRY CLASSIFICATION BENCHMARK (ICB) Each stock in the ICB stock universe is uniquely classified into one of the 114 subsectors, based on the company's primary revenue source. Consequently, it is automatically and uniquely assigned to one of the 41 sectors, one of the 19 supersectors and one of the ten industries. For a detailed overview please refer to http://www.stoxx.com/indices/icb.html and http://www.ICBenchmark.com/ 1.1. HIERARCHY 10 Industries 19 Supersectors 41 Sectors 114 Subsectors Oil & Gas [0001] Oil & Gas [0500] Oil & Gas Producers [0530] Exploration & Production [0533] Integrated Oil & Gas [0537] Oil Equipment, Services & Distribution Oil Equipment & Services [0573] [0570] Pipelines [0577] Alternative Energy [0580] Renewable Energy Equipment [0583] Alternative Fuels [0587] Basic Materials [1000] Chemicals [1300] Chemicals [1350] Commodity Chemicals [1353] Speciality Chemicals [1357] Basic Resources [1700] Forestry & Paper [1730] Forestry [1733] Paper [1737] Industrial Metals & Mining [1750] Aluminium [1753] Nonferrous Metals [1755] Iron & Steel [1757] Mining [1770] Coal [1771] Diamonds & Gemstones [1773] General Mining [1775] Gold Mining [1777] Platinum & Precious Metals [1779] Industrials [2000] Construction & Materials Construction & Materials [2350] Building Materials & Fixtures [2353] [2350] Heavy Construction [2357] Industrial Goods & Services Aerospace & Defense [2710] Aerospace [2713] [2700] Defense [2711] General Industrials [2720] Container & Packaging [2723] Diversified Industrials [2727]
    [Show full text]
  • Global Industry Classification Standard Contents
    GICS® Global Industry Classification Standard Contents The Global Industry Classification Standard (GICS®) ......................................................................................................... 3 A Guide to the GICS Methodology .......................................................................................................................................... 4 Company Classification Guidelines ....................................................................................................................................... 5 The GICS Structure .................................................................................................................................................................. 6 Energy .............................................................................................................................................................................. 12 Materials ............................................................................................................................................................................. 14 Industrials ........................................................................................................................................................................... 18 Consumer Discretionary .................................................................................................................................................... 24 Consumer Staples .............................................................................................................................................................
    [Show full text]
  • The New Industry Classification System: the Switch from SIC to NAICS
    Academic BRASS Published by the BRASS Business Reference in Academic Libraries Committee Vol 11 (2), Fall 2016 Emily L. Mross Business and Public Administration Reference Librarian Penn State Harrisburg Library Penn State University Libraries Glenn S. McGuigan Library Director Penn State Harrisburg Library Penn State University Libraries The Necessity of NAICS: Industrial Classification as an Indexing Search Tool Whether using an online, company database like Hoover’s Online, or an article index database like ABI Inform or Business Source Premier, business researchers have experienced the change in recent years from the old industrial classification system, known as the Standard Industrial Classification system (SIC), to the new system, known as the North American Industry Classification System (NAICS). As many business database users may note, the superseded SIC identification is still often included, although it remains an outdated system. With many business resources, both of these systems are used simultaneously. Since NAICS has replaced the SIC system, it is important for those who do business research to be aware of this critical business classification system. The importance of NAICS as an indexing tool for database research cannot be underestimated, as well as the fact that the SIC system is deceased. In existence since the 1930s, and the first standard classification system for industries in the United States, the SIC system has been used by the federal government, and in turn by commercial entities, to organize and classify industries based upon an ostensibly uniform system. Periodically updated to reflect changes in industry brought about by technology and innovation, the last version of the SIC Manual was published in 1987 (Sabroski, 2000, 18).
    [Show full text]
  • Selecting Sector Benchmarks Selecting Sector Benchmarks
    SELECTING SECTOR BENCHMARKS SELECTING SECTOR BENCHMARKS INTRODUCTION The IndexUniverse ETF Analytics process evaluates ETFs based on how well they track “the market” for their segment. To ensure we compare apples with apples, we have to choose a common benchmark against which to measure all funds equally. Our guiding principle is to choose a benchmark for each market segment to best represent “the market” for that segment. To select these benchmarks, we make a careful study of all the available choices. We need to know who decides what securities go into an index, and how they make classifications and distinctions. In evaluating sector ETFs—and thus sector indexes—the biggest distinguishing factor between available options arises from the index providers’ business/industry classification systems. Business classification systems classify tens of thousands of companies into sectors and further subcategories, using a rule-set. It’s what lets you say with certainty and consistency that, for example, Microsoft is a software company, but Seagate is a hardware company. In selecting a series of sector benchmarks, IndexUniverse researched the methodology and construction of the three largest and most widely recognized business classification systems. S&P/MSCI Barra’s Global Industry Classification Standard (GICS) Thomson Reuters’ Business Classification (TRBC) Dow Jones/FTSE’s Industry Classification Benchmark (ICB) Our goal was to determine which system most strongly adhered to the following principles: Representativeness: Does the classification system cover the widest range of securities possible? Rules Based: Does the system classify companies according to objective standards or does a committee arbitrarily determine where companies are classified? Robustness/Effectiveness: Does the system’s output make both logical and intuitive sense? To be representative, a family of sector benchmarks should track a large portion of the equity universe, and should cover the segments with ETFs tracking them.
    [Show full text]
  • State of the Art in Content Standards
    State of the Art in Content Standards Authors: Martin Dörr, Nicola Guarino, Mariano Fernández López, Ellen Schulten Milena Stefanova, Austin Tate Editors: Nicola Guarino, Milena Stefanova Affiliations: FORTH, Greece; LADSEB-CNR, Italy; University of Madrid, Spain; Heloise Ontologies Associates, AIAI Institute - University of Edinburgh, UK. Identifier Deliverable 3.1. Class Deliverable Version 1.0 Version date November, 2001 Status final Distribution Public Responsible Partner LADSEB-CNR IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce OntoWeb Consortium This document is part of a research project funded by the IST Programme of the Commission of the European Communities as project number IST-2000-29243. Vrije Universiteit Amsterdam (VU)-Coordinator Faculty of Sciences, Division of Mathematics and Computer Science De Boelelaan 1081a 1081 HV Amsterdam, the Netherlands Fax and Answering machine: +31-(0)84-872 27 22 Mobil phone: +31-(0)6-51850619 Contactperson: Dieter Fensel E-mail: [email protected] IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce Revision Information Revision date Version Changes IST Project IST-2000-29243 OntoWeb OntoWeb: Ontology-based Information Exchange for Knowledge Management and Electronic Commerce Acknowledgements We would like to acknowledge several people which helped us with providing content to this document. In particular, would like to thank the members of the OntoWeb Content Standards SIG/Process Standards WG (see http://www.aiai.ed.ac.uk/project/ontoweb/). These include Michael Gruninger, Howard Smith, Ismael Ghalimi, Adam Pease, Stuart Aitken, Ben Rode, Jerry Hobbs, David Martin and Martin Bryan.
    [Show full text]
  • Industry Classification Benchmark (ICB) Reclassification
    Research Industry Classification Benchmark (ICB) reclassification Expanded and improved December 2019 | ftserussell.com Table of contents Executive summary 3 Background on Industry Classification Benchmark (ICB®) 3 Industry Classification Benchmark (ICB) reclassification: expanded and improved 4 What isn’t changing: ICB robust governance process 4 Collaboration with clients and industry specialists 4 What’s new 5 Real Estate 5 Telecommunications 6 Consumer Discretionary and Consumer Staples 7 Other Notable Enhancements 10 Energy 10 Consumer Digital Services 11 Financial Data Providers and Transaction Processers 11 Transaction Processing Services 12 Cannabis Producers 13 Definition enhancements to clarify ICB placement 14 Conclusion 14 ftserussell.com 2 Executive summary • ICB enhanced its structure to reflect the evolution of the global economy and to address the needs of today’s investment professionals. • The changes created a separate classification for Real Estate, expanded the Telecommunications grouping, adopted a new Consumer Discretionary and Consumer Staples framework and renamed ICB Oil and Gas to ICB Energy. • Giving standalone status to Real Estate stocks recognizes the scale and prominence of this rapidly growing asset class. • The new Telecommunications grouping combines traditional telecom services companies with related equipment and cable TV providers, reflecting the evolving investment implications of the global convergence of communications, media and technology. • The restructuring of consumer stocks into Consumer Discretionary and Consumer Staples classifications draws a finer distinction between the cyclical and noncyclical (or defensive) economic sensitivities and risk/return characteristics of each stock group. Overall, the restructured ICB provides far greater details at the Sector (Level 3) and Subsector (Level 4) levels. For example, the new Consumer Discretionary framework encompasses 21 more sectors than the previous framework, offering greater specificity across different types of specialty retailers.
    [Show full text]
  • Factset Revere Business and Industry Classification System (RBICS) Data and Methodology Guide
    FactSet Revere Business and Industry Classification System (RBICS) Data and Methodology Guide Contents: What is FactSet RBICS? What are the Benefits of RBICS? Data Compilation Data Maintenance RBICS Features Summary Dataset Availability What is FactSet RBICS? FactSet RBICS is a comprehensive structured taxonomy designed to offer precise classification of global companies and their individual business units. FactSet RBICS leverages the in-depth industry classification knowledge gathered by FactSet Revere over the last 13 years of refining its patented FactSet Revere Hierarchy™ industry classification product. At the lower levels, the patented bottom-up approach of classifying companies according to the products and services offers unpreceded level of precision and granularity. The top levels' market-defined approach, widely accepted by the investor community, is introduced to group companies based on performance characteristics and stock co-movement. FactSet RBICS is offered through four subsidiary products – RBICS Focus, RBICS with Revenue, RBICS with Tradenames and RBICS Extended Universe – Industry Group. ▪ RBICS Focus offers a single-sector mapping of about 48,000 of the most liquid and publicly-traded companies based on their primary lines of business; it uses revenues as the key factor in determining a company’s primary line of business, by mapping a company to the lowest-level sector from which it derives 50% or more of its revenues. ▪ RBICS with Revenue offers a multi-sector mapping of about 46,000 of the most liquid and publicly traded companies; the revenue percentages associated to each reported business segment are standardized into the most granular sectors of the RBICS taxonomy. ▪ RBICS with Tradenames offers a multi-sector mapping of about 48,000 of the most liquid and publicly traded companies’ products/services (a.k.a.
    [Show full text]