PSIC (Premium Standard Industrial
Classification), pronounced "P-SIC", is based on the federal government's
SIC numbering system which allows researchers to better pinpoint the exact business
SIC Numbering system is based on a four-digit numbering system but the PSIC numbering
system is based on a six-digit numbering system for better target marketing by
Frequently Asked Questions.
to use the Premium Standard Industrial Classification System.
The PSIC system is based on the U.S. Federal Government Standard Industrial
Classification (SIC) Coding System of classifying industries. This system
categorizes commercial establishments into 10 broad industry groups that
are assigned 2-digit numbers. These industry groups are further broken
down into groups of similar businesses and are assigned a 4-digit SIC
Code. The first two digits describe the industry group of the business,
while the third and fourth digits refer to their specific activity. For
example: SIC 57 Home Furniture, Furnishings and Equipment Stores SIC 5731
Radio, Television & Electronics PSIC goes beyond the basic four digit
classification system developed by the Federal government.
U.S. Business Reporter
adds an additional two levels of detail to the 4-digit SICs to allow even
more precise selection of prospects. For example, at the 6-digit level
you can find: SIC 5731-11 Antennas SIC 5731-12 Video cameras, Recorders
and Accessories U.S. Business Reporter's -digit coding is available in
all categories where it makes it easier to find the exact industry.
Similarly, in the restaurant industry , many companies are actually in
many subsegments within the industry. There are hamburger/sandwich stores,
pizza units, Mexican food units, Family dining, etc. These subsegments
are categorized by a hyphen and an additional two-digit classification
scheme to identify the exact business they compete within.
Since companies may do business in more than one industry category, they
will have both a primary SIC code and one or more secondary SIC codes.
For instance, cameras manufacturers often manufacture home electronics
equipment. Therefore, if you wished to find all camera manufacturers,
you would also want to look under home electronics companies as a Primary
or Secondary 6- digit PSIC Code. This search technique would include camera
manufacturers and home electronics manufacturers.
Classification Definitions References.
A six digit PSIC system allows you to better target companies and develop
better and deeper analysis of companies and industries. With the six digit
SIC system you can compare companies and industries better for investment
analysis, target companies better for sales and marketing campaigns such
as direct mail, or compare the companies performance to the industry better.You
can build custom profiles of companies and download the information directly
into your computer system.
Below is AAR Corp whose 6 Digit PSIC number is "3230-11"
which categorizes them as a manufacturer of aerospace equipment but exclusively
for the military. The "-11" categorizes them as a military
North Wood Dale Rd.
Dale, IL. 60191