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Conducting Industry Research: More about SIC

More about Standard Industrial Classification Codes

What is a SIC code?

The Standard Industrial Classification (SIC) System was established by the U.S. government in the late 1930's to provide a uniform method for collecting, presenting, and analyzing economic information. SIC codes were used by government agencies; trade associations, private research organizations and business professionals when presenting industry statistical data. 

SIC codes were retired after the 1992 economic census and replaced by the NAICS codes in the 1997 economic census.  Knowing that the SIC codes were going to be replaced after the 1992 census, the SIC codes have not been revised since their 1987 iteration, which is the most current version in use.  There are tables converting the 1987 SIC codes to the 1997, 2002 and 2007 NAICS codes. 

How do I read a SIC Code?

If you are interested in a career in designing greeting cards and want to know something about the size of the greeting card industry and the career potential, the first step in your information gathering is to find the SIC code for the greeting card industry.

The four-digit hierarchical SIC code for the greeting card industry is interpreted as follows:

    27 Major Group Number (Printing, Publishing and Allied Industries)
  277 Industry Group Number (Greeting Cards)
2771 SIC Code (Greeting Cards: publishing or printing of greeting cards for all occasions--excluding hand-painted cards) 

Find SIC codes here.

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