Variant of NAICS 2017 Version 3.0 - Industrial production (based on the 2008 International Recommendations for Industrial Statistics)
The concept of industrial production described here derives from the U.N. International Recommendations for Industrial Statistics (IRIS) 2008, produced by the United Nations.
The definition of industrial production used includes activities carried out under the responsibility, control and management of an institutional unit that uses inputs of labour, capital and goods and services to produce industrial output. Industrial output can be generally understood to include non-agricultural commodities, and to exclude construction.
Expressed in terms of International Standard Industrial Classification of All Economic Activities (ISIC) Rev.4, the 2008 IRIS-based industrial production is defined as including sections B (Mining and quarrying), C (Manufacturing), D (Electricity, gas, steam and air conditioning supply), and E (Water supply, sewerage, waste management and remediation activities).
This ISIC-based definition has been converted to NAICS 2017 Version 3.0, as including sectors 21, 22, 31-33, and subsector 562.This is the same composition as the 1950 definition, with the exception that it does contain subsector 562.
For the sake of simplicity, an exact concordance between ISIC industrial production industries and NAICS has not been used. Such an exact concordance would result in a large number of partial links between ISIC and NAICS. On the advice of the National Accounts experts of Statistics Canada, a simplified NAICS list of industries has been used to define industrial production.
There are 2 versions of NAICS 2017 Version 3.0 variants for industrial production: this version based on IRIS 2008, and another version based on the definition of industrial production given by a 1950 United Nations paper.