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What is the difference between a SIC and a NAICS code?

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What is the difference between a SIC and a NAICS code?

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NAICS codes provide a greater level of detail about a firm’s activity than SIC codes. NAICS includes 1,170 industries and SIC includes 1,004 industries. There are 358 new industries recognized in NAICS, 250 of which are services producing industries.

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