Product Codes and Classes of Products

Term · Economic statistics · MLC-T-ECS-001496

North American Industry Classification System (NAICS) United States industries are identified by a six-digit code. The longer code accommodates the large number of sectors and allows more flexibility in designing subsectors. In the manufacturing sector for 2002, there are 21 subsectors (three-digit NAICS), 86 industry groups (four-digit NAICS), 184 NAICS industries (five-digit NAICS) that are comparable with Canadian and Mexican classification, and 473 U.S. industries (six-digit NAICS). Product classes of the manufacturing industries have been assigned codes based on the industry from which they originate. There are 1,450 product classes (seven-digit codes). Manufacturing activity involves the mechanical, physical, or chemical transformation of materials, substances, or components into new products. The assembling of component parts of manufactured products is considered manufacturing, except in cases where the activity is appropriately classified in Sector 23, Construction. Manufacturing activities include:

• fabricating, processing, and assembling;

• maintenance of plant and equipment;

• warehousing and storage;

• research;

• recordkeeping;

• health and safety;

• cafeteria and other services if operated as separate establishments.

Manufacturing activities exclude:

• sales branches and sales offices;

• research laboratories;

• retail stores;

• mining activities;

• general administrative offices.

As in previous censuses, data were collected for most industries on the value of individual products shipped. However, several product classes report value of production rather than value of shipments. The value of production should equal the selling value f.o.b. plant (after discounts and allowances and excluding freight charges) of all products made during the survey year whether sold, transferred, added to inventory, or used in further processing.

Table 1. Record
Identifier	MLC-T-ECS-001496
Field	Economic statistics
References	U.S. Census Bureau Glossary

Record as JSON

{
  "id": "MLC-T-ECS-001496",
  "term": "Product Codes and Classes of Products",
  "field": "Economic statistics",
  "definition": "North American Industry Classification System (NAICS) United States industries are identified by a six-digit code. The longer code accommodates the large number of sectors and allows more flexibility in designing subsectors. In the manufacturing sector for 2002, there are 21 subsectors (three-digit NAICS), 86 industry groups (four-digit NAICS), 184 NAICS industries (five-digit NAICS) that are comparable with Canadian and Mexican classification, and 473 U.S. industries (six-digit NAICS). Product classes of the manufacturing industries have been assigned codes based on the industry from which they originate. There are 1,450 product classes (seven-digit codes). Manufacturing activity involves the mechanical, physical, or chemical transformation of materials, substances, or components into new products. The assembling of component parts of manufactured products is considered manufacturing, except in cases where the activity is appropriately classified in Sector 23, Construction. Manufacturing activities include:\n\n• fabricating, processing, and assembling;\n\n• maintenance of plant and equipment;\n\n• warehousing and storage;\n\n• research;\n\n• recordkeeping;\n\n• health and safety;\n\n• cafeteria and other services if operated as separate establishments.\n\nManufacturing activities exclude:\n\n• sales branches and sales offices;\n\n• research laboratories;\n\n• retail stores;\n\n• mining activities;\n\n• general administrative offices.\n\nAs in previous censuses, data were collected for most industries on the value of individual products shipped. However, several product classes report value of production rather than value of shipments. The value of production should equal the selling value f.o.b. plant (after discounts and allowances and excluding freight charges) of all products made during the survey year whether sold, transferred, added to inventory, or used in further processing.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/product-codes-and-classes-of-products/"
}

Record 1,496 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.