The Singapore Department of Statistics has announced the release of the Singapore Standard Industrial Classification (SSIC) 2025, a comprehensive update to the nation’s industry categorisation system. This new classification aims to provide a more accurate reflection of the current economic landscape and facilitate better data collection and analysis.
The SSIC 2025 is designed to align with international standards, ensuring that Singapore’s economic data remains comparable on a global scale. This update is crucial for businesses, policymakers, and researchers who rely on accurate industry data for decision-making and strategic planning.
The revised classification includes changes that reflect the evolving nature of industries, particularly in areas such as technology and services. By incorporating these updates, the SSIC 2025 aims to capture the dynamic shifts in the economy, providing a clearer picture of Singapore’s industrial activities.
The release of the SSIC 2025 is part of Singapore’s ongoing efforts to maintain its status as a leading global business hub. By ensuring that industry classifications are up-to-date, the government aims to support economic growth and innovation.
For more detailed information on the changes and implications of the SSIC 2025, stakeholders are encouraged to refer to the full release available on the Singapore Department of Statistics website. This update is expected to have significant implications for data reporting and analysis across various sectors in Singapore.
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