Standard Industrial Classification Code
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Standard Industrial Classification Code


DEFINITION - The Standard Industrial Classification Code is a category within the Standard Industrial Classification (SIC)system, which was established to classify all industries in the US economy. The SIC code is displayed as a two-digit code that designates a major industry group coupled with a second two-digit code designates a subcategory. The SIC system is administered by the Statistical Policy Division of the U.S. Office of Management and Budget (OMB).

LAST UPDATED: 26 Jul 2007

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