128-frequently-asked-questions-for-january-2010

128-frequently-asked-questions-for-january-2010 - Friday 19...

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Frequently Asked Questions for January 2010 Friday 19 February 2010 Issued by Office for National Statistics, Government Buildings, Cardiff Road, Newport NP10 8XG Media Office 08456 041858 Retail Sales 01633 455602 retail.sales.enquiries@ons.gov.uk Changes have been introduced with the January 2010 retail sales estimates. These changes were described in two information papers released on 10 February 2010: Classification changes in retail sales. Available at: http://www.statistics.gov.uk/cci/article.asp?id=2359 An experimental measure of Internet retail sales: Changes to methods. Available at: http://www.statistics.gov.uk/cci/article.asp?id=2358 This document provides answers to frequently asked questions relating to the changes. 1. What is the Standard Industrial Classification (SIC)? A Standard Industrial Classification (SIC) was first introduced into the United Kingdom in 1948 for use in classifying business establishments and other statistical units by the type of economic activity in which they are engaged. The classification provides a framework for the collection, tabulation, presentation and analysis of data and its use promotes uniformity. In addition, it can be used for administrative purposes and by non- government bodies as a convenient way of classifying industrial activities into a common structure. 2. Why is the classification changing? The introduction of SIC 2007 is a major revision of the UK Standard Industrial Classification of Economic Activities and is the outcome of Operation 2007 - a series of consultations started in 2002 and carried out in conjunction with the major revision of the European Union’s industrial classification system. These revisions are motivated by the need to adapt the classifications to changes in the
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This note was uploaded on 02/08/2012 for the course FIN FIN4345 taught by Professor Koij during the Spring '10 term at FIU.

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128-frequently-asked-questions-for-january-2010 - Friday 19...

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