Consultation on the UK's adoption of industrial classification of economic activity
The Office for National Statistics (ONS) is seeking views on the next steps for updating UK Standard Industrial Classification (UK SIC) and to understand how it is being used.
The international revisions of International Standard Industrial Classification of All Economic Activities (ISIC) and Statistical classification of economic activities in the European Community (NACE) have now been completed. This has resulted in the need for a UK SIC revision and our invitation for you to respond to the consultation on the next steps for UK SIC.
Industrial classifications of economic activity are a fundamental component of economic statistics, allowing us to monitor trends in economic performance over time. These statistics are vital for informing economic policy.
The consultation document explains how the current UK economic classification system, UK SIC, aligns with our International and European counterparts, ISIC and NACE and how our statistics remain internationally comparable.
It also details a range of factors for consideration such as governance, granularity and comparability, correlation, and the UK economy representation.