Industry Classification

Industry classification (industry taxonomy) is a type of economic

taxonomy that organizes companies into industrial groupings based on;
similar production processes,
similar products, or
similar behavior in financial markets
A wide variety of taxonomies are in use,
sponsored by different organizations and based on
different criteria

Economists believe that the study of economic

policy demands the use of a
taxonomic/classificatory approach
Industry taxonomies include international, regional and national
taxonomies and proprietary taxonomies
 Classification Types
Criterion/
Abbreviation Full name Sponsor Node count by level Issued
Unit
SIC Standard Industrial US production/ 4 digits 19371987
Classification establishment 1004 categories (superseded by
NAICS, but still
used in some
applications)

ICB Industry FTSE market/ 10/20/41/114

Classification company
Benchmark

GICS Global Industry Standard & Poor's, market/ 2-8 digits

Classification Morgan Stanley Capital company 10/24/68/154
Standard International

And many more

 Sector Classification in TSE
Fishery, Agriculture & Forestry
Mining
Construction
Manufacture
Foods Textiles & Apparel Pulp & Paper
Chemicals Pharmaceuticals Oil & Coal Products
Rubber Products Glass & Ceramics Iron & Steel
Nonferrous Metals Metal Products Machinery
Electric Appliances Transportation Equipment Precision Instruments
Other Products
Electric Power & Gas
Transportation & Telecommunications
Land Transportation Marine Transportation Air Transportation
Warehousing & Harbor Transportation Services Information & Communication
Commerce
Wholesale Retail Trade
Finance & Insurance
Banks Securities & Commodity Futures Insurance
Other Financing Business
Real Estate
Services
Sectors Performance Comparison at TSE