NSCB Resolution No. 2
Series of 2010

APPROVING AND ADOPTING THE 2009 PHILIPPINE STANDARD INDUSTRIAL CLASSIFICATION

WHEREAS,standard classification systems are used to achieve uniformity and comparability of statistics generated at the national and international levels;

WHEREAS, the National Statistical Coordination Board (NSCB) develops and prescribes uniform standards and classification systems in the generation of official statistics to ensure harmonization of statistics in the country and at the international level;

WHEREAS, one of the classification systems being maintained by the NSCB is the Philippine Standard Industrial Classification (PSIC), which is based on the International Standard Industrial Classification (ISIC) issued by the United Nations Statistics Division (UNSD);

WHEREAS,the current 1994 PSIC was amended in 2002 based on the ISIC Rev. 3.1 issued by the UNSD in the same year;

WHEREAS, the UNSD issued ISIC Rev. 4 in August 2008 in order to reflect new industries, new production pattern and new needs for economic analysis, as well as to improve linkages to major regional classifications;

WHEREAS, the NSCB Technical Committee on Statistical Standards and Classifications (TC-SSC), through its Technical Working Group on Industrial Classification (TWG-IC), has reviewed and recommended the 2009 Philippine Standard Industrial Classification (PSIC) which is aligned with the ISIC Rev. 4, taking into account the significant changes on the relative importance of various economic activities in the country that have taken place since 2002;

WHEREAS, the ASEAN Heads of Statistical Offices Meeting (ASHOM) approved in November 2006 the ASEAN Common Industrial Classification (ACIC) based on ISIC Rev. 4 which was developed by the ASEAN Task Force on the Harmonization of Industrial Classifications for adoption by the ASEAN member countries; 

NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, that the NSCB Executive Board approve the 2009 PSIC with correspondence codes to link with the ACIC, for adoption by concerned government agencies and instrumentalities.

Approved this 10th day of February 2010 in Pasig City.

Attested by:

ROMULO A. VIROLA
Secretary General