How is NAICS better than SIC?
• NAICS classifies into the same group those establishments that use similar production processes; • NAICS recognizes new, emerging, and advanced technology industries; • NAICS acknowledges the information age in which Americans live and work; • NAICS considers over 150 new service industries; • NAICS provides for comparability of data with other NAFTA trading partners; • NAICS is based on a production-oriented conceptual framework; • Key improvements made by NAICS include: • Reorganizing “Services” to better reflect today’s economy, adding sectors for Professional/Scientific/Technical Services and Health Care/Social Assistance; • Creating an Information sector, including software publishers, telecommunications resellers, satellite telecommunications, paging, and cellular telecommunications; • Establishing a manufacturing subsector for Computer and Electronic Products, including manufacturing of printed circuit assembly, software reproducing, and compact disc reproducing; • Combining r
