The UK 2007 SIC system replaced the earlier 2003 version, which itself was a development of the 1992 standards, the first to correlate significantly with the European system. The SIC/NACE codes system is a useful reference tool in the analysis, targeting and formulation of marketing strategy, particularly for business-to-business organisations, and an essential reference for the statistical analysis, measurement and reporting of business and trading activity by authorities and statistical bodies. A sixth digit might be added by a supplier of a databases, typically of company addresses or data used in market analysis and advertising campaigns. Where a fifth digit appears it is often specific to an individual country's code system. The first four digits of these industrial classifications codes are the same across the European Community countries. This is French for Statistical Classification of Economic Activities in the European Community. NACE for stands for Nomenclature Générale des Activités Économiques dans les Communautés Européennes. The SIC system is used for classifying business activities in the UK, and it correlates to and is developed in conjunction with the equivalent European Union's industrial classification system, NACE. The 2007 SIC (UK Standard Industrial Classification of Economic Activities) system became effective 1 January 2008. SIC industrial classifications SIC codes (standard industrial classifications - 2007, 2003, 1992)
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