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Business & Economics

Concise guide for undergraduates

NAICS & SIC -- Industry Classification Codes

When researching industry information, it is helpful to find the NAICS code for that industry. NAICS (rhymes with lakes) is the abbreviation for the North American Industry Classification System. It is an organizational structure used by federal agencies for grouping similar companies into industries for the purposes of collecting, analyzing, and publishing statistical data related to the U.S. business economy. A NAICS code is usually a 5-6 digit number, such as 44411 for Home Improvement Stores in the US.

A NAICS code provides a uniform name for an industry. You can search many of the business databases by a code, and doing so ensures that you're finding consistent industry information, regardless of the term used to describe it.

NAICS codes are assigned to a company based on the company's primary business activity (note that some companies have multiple NAICS codes depending on their products and services). SIC --Standard Industrial Code--is an older system, largely--though not completely--replaced by NAICS.

 

ProQuest One Business (Company and Industry Information)

ProQuest One Business

This database is an excellent source for both company and industry information. It contains company reports, SWOT Analysis, Industry overviews and much more. ProQuest One Business is a complete business library containing millions of full-text items across scholarly and popular periodicals, newspapers, market research reports, dissertations, books, videos, and more.

Business Source Premier

In Business Source Premier you can search for a specific product; when you click on an article title you will find details on the article including the NAICS or SIC codes:

 

example of article with red arroww pointing to NAISC code

You can click on the code numbers to find more articles on this industry. You can also use the NAICS website but you will need to think broadly when using terms. For example, defibrillator was not a valid search term but medical device did bring up the right code.