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SIC - Standard Industrial Classification

 

Definition: The name given to the official classification of firms into industries by the UK government. This was used to collect data regarding business and industry trends.

 

 

Additional Info: Standard Industrial Classification (SIC) 1992 identified seventeen sections, each representing a production classification. These were then split into subsections, divisions, groups, classes and subclasses.

Related Terms: Industry Sector, Industrial Sector - Industrial Concentration - Industrial Production - Industrial Confidence - Industrial New Orders - Industrial PPI - Industrial Capacity Utilization - Industry

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