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Industry Classification

When we begin industry research. a number of times we wonder how should be segregate the various industry types.

While in India we have NIC which stands for National Industrial Classification based on the United Nations International Standard Industrial Classification (ISIC).

Globally. while reviewing industries or companies. Industry Classification Benchmark is used as a base.

The Industry Classification Benchmark (ICB) is a company classification system developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 20 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors.

FTSE is an independent company jointly owned by The Financial Times and the London Stock Exchange.

Industry Classification Benchmark
  Industry Sector
I Oil & Gas  Exploration, Production, Alternate Energy
II Basic materials Chemicals
    Forestry & Paper
    Industrial Metals & Mining
III Industrials Construction & Materials
    Aerospace & Defense
    General Industrials
    Electronic & Electrical Equipment
    Industrial Engineering
    Industrial Transportation
    Support Services
IV Consumer Goods Automobiles & Parts
    Food & Beverage
    Personal & Household Goods
V Health Care Medical Equipment, Biotechnology
VI Consumer Services Retail
    Travel & Leisure
VII Telecommunications  
VIII Utilities Electricity
    Gas, Water & Multiutilities
IX Financials Banks
    Insurance – Life & Nonlife
    Real Estate
    Investment & Services
X Technology Computer Software & Hardware



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