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What is the difference between NAICS and SIC codes?

April 26, 2017difference NAICS SIC

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What is the difference between NAICS and SIC codes?

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NAICS replaced SIC codes. NAICS are a lot more granular than SIC codes enabling more fine-grained segmentation and analysis. There are a number SIC categories that are completely reclassified in NAICS which makes one to one comparison hard (but doable).