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SectorIndustry GroupIndustrySub-Industry
50 - Communication Services5010 - Telecommunication Services501010 - Diversified Telecommunication Services

50101010 - Alternative Carriers

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Providers of communications and high-density data transmission services primarily through a high bandwidth/fiber-optic cable network.





50101020 - Integrated Telecommunication Services

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Operators of primarily fixed-line telecommunications networks and companies providing both wireless and fixed-line telecommunications services not classified elsewhere. Also includes Internet Service Providers offering internet access to end-users.




501020 - Wireless Telecommunication Services

50102010 - Wireless Telecommunication Services

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Providers of primarily cellular or wireless telecommunication services.



5020 - Media & Entertainment502010 - Media

50201010 - Advertising

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Companies providing advertising, marketing, or public relations services.





50201020 - Broadcasting

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Owners and operators of television or radio broadcasting systems, including programming. Includes, radio and television broadcasting, radio networks, and radio stations.





50201030 - Cable & Satellite

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Providers of cable or satellite television services. Includes cable networks and program distribution.





50201040 - Publishing

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Publishers of newspapers, magazines, and books in print or electronic formats.

50201040 - Publishing




502020 - Entertainment

50202010 - Movies & Entertainment

50202020 - Interactive Home Entertainment502030 - Interactive Media & Services50203010 - Interactive Media & Services

Consumer Discretionary Sector

The Consumer Discretionary Sector encompasses those businesses that tend to be the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable goods, leisure equipment and textiles & apparel. The services segment includes hotels, restaurants and other leisure facilities, media production and services, and consumer retailing and services.

  • Recommended industry taxonomy: GICS (Global Industry Classification Standard): <e.g. "classification"= "GICS:25101010">

The following industry sector codes are in scope for the Consumer Discretionary Sector

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Companies that engage in producing and selling entertainment products and services, including companies engaged in the production, distribution and screening of movies and television shows, producers and distributors of music, entertainment theaters, and sports teams. Also includes companies offering and/or producing entertainment content streamed online.





50202020 - Interactive Home Entertainment

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Producers of interactive gaming products, including mobile gaming applications. Also includes educational software used primarily in the home. Excludes online gambling companies classified in the Casinos & Gaming Sub-Industry.




502030 - Interactive Media & Services

50203010 - Interactive Media & Services

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Companies engaging in content and information creation or distribution through proprietary platforms, where revenues are derived primarily through pay-per-click advertisements. Includes search engines, social media and networking platforms, online classifieds, and online review companies. Excludes companies operating online marketplaces classified in Internet & Direct Marketing Retail.


Consumer Discretionary Sector

The Consumer Discretionary Sector encompasses those businesses that tend to be the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable goods, leisure equipment and textiles & apparel. The services segment includes hotels, restaurants and other leisure facilities, media production and services, and consumer retailing and services.

  • Recommended industry taxonomy: GICS (Global Industry Classification Standard): <e.g. "classification"= "GICS:25101010">


The following industry sector codes are in scope for the Consumer Discretionary Sector

SectorIndustry GroupIndustrySub-Industry
25 - Consumer Discretionary2510 - Automobiles & Components251010 - Auto Components 

25101010 - Auto Parts & Equipment

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Manufacturers of parts and accessories for automobiles and motorcycles. Excludes companies classified in the Tires & Rubber Sub-Industry.





25101020 - Tires & Rubber

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Manufacturers of tires and rubber.




251020 - Automobiles

25102010 - Automobile Manufacturers

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Companies that produce mainly passenger automobiles and light trucks. Excludes companies producing mainly motorcycles and three-wheelers classified in the Motorcycle Manufacturers Sub-Industry and heavy-duty trucks classified in the Construction Machinery & Heavy Trucks Sub-Industry.





25102020 - Motorcycle Manufacturers

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Companies that produce motorcycles, scooters, or three-wheelers. Excludes bicycles classified in the Leisure Products Sub-Industry.



2520 - Consumer Durables & Apparel252010 - Household Durables

25201010 - Consumer Electronics

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Manufacturers of consumer electronics products including TVs, home audio equipment, game consoles, digital cameras, and related products. Excludes personal home computer manufacturers classified in the Technology Hardware, Storage & Peripherals Sub-Industry, and electric household appliances classified in the Household Appliances Sub-Industry.





25201020 - Home Furnishings

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Manufacturers of soft home furnishings or furniture, including upholstery, carpets, and wall-coverings.





25201030 - Homebuilding

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Residential construction companies. Includes manufacturers of prefabricated houses and semi-fixed manufactured homes.





25201040 - Household Appliances

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Manufacturers of electric household appliances and related products. Includes manufacturers of power and hand tools, including garden improvement tools. Excludes TVs and other audio and video products classified in the Consumer Electronics Sub-Industry and personal computers classified in the Technology Hardware, Storage & Peripherals Sub-Industry.





25201050 - Housewares & Specialties

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Manufacturers of durable household products, including cutlery, cookware, glassware, crystal, silverware, utensils, kitchenware, and consumer specialties not classified elsewhere.




252020 - Leisure Products

25202010 - Leisure Products

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Manufacturers of leisure products and equipment including sports equipment, bicycles, and toys.




252030 - Textiles, Apparel & Luxury Goods

25203010 - Apparel, Accessories & Luxury Goods

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Manufacturers of apparel, accessories & luxury goods. Includes companies primarily producing designer handbags, wallets, luggage, jewelry, and watches. Excludes shoes classified in the Footwear Sub-Industry.





25203020 - Footwear

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Manufacturers of footwear. Includes sport and leather shoes.





25203030 - Textiles

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Manufacturers of textile and related products not classified in the Apparel, Accessories & Luxury Goods, Footwear or Home Furnishings Sub-Industries.



2530 - Consumer Services253010 - Hotels, Restaurants & Leisure

25301010 - Casinos & Gaming

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Owners and operators of casinos and gaming facilities. Includes companies providing lottery and betting services.





25301020 - Hotels, Resorts & Cruise Lines

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Owners and operators of hotels, resorts, and cruise ships. Includes travel agencies, tour operators, and related services not classified elsewhere. Excludes casino-hotels classified in the Casinos & Gaming Sub-Industry.





25301030 - Leisure Facilities

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Owners and operators of leisure facilities, including sport and fitness centers, stadiums, golf courses, and amusement parks not classified in the Movies & Entertainment Sub-Industry.





25301040 - Restaurants

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Owners and operators of restaurants, bars, pubs, fast-food or take-out facilities. Includes companies that provide food catering services.




253020 - Diversified Consumer Services

25302010 - Education Services

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Companies providing educational services, either online or through conventional teaching methods. Includes, private universities, correspondence teaching, providers of educational seminars, educational materials, and technical education. Excludes companies providing employee education programs classified in the Human Resources & Employment Services Sub-Industry.





25302020 - Specialized Consumer Services

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Companies providing consumer services not classified elsewhere. Includes residential services, home security, legal services, personal services, renovation & interior design services, consumer auctions, and wedding & funeral services.



2550 - Retailing255010 - Distributors

25501010 - Distributors

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Distributors and wholesalers of general merchandise not classified elsewhere. Includes vehicle distributors.




255020 - Internet & Direct Marketing Retail

25502020 - Internet & Direct Marketing Retail

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Companies providing retail services primarily on the internet, through mail order, and TV home shopping retailers. Also includes companies providing online marketplaces for consumer products and services.




255030 - Multiline Retail

25503010 - Department Stores

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Owners and operators of department stores.





25503020 - General Merchandise Stores

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Owners and operators of stores offering diversified general merchandise. Excludes hypermarkets and large-scale super centers classified in the Hypermarkets & Super Centers Sub-Industry.




255040 - Specialty Retail

25504010 - Apparel Retail

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Retailers specialized mainly in apparel and accessories.





25504020 - Computer & Electronics Retail

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Owners and operators of consumer electronics, computers, video and related products retail stores.





25504030 - Home Improvement Retail

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Owners and operators of home and garden improvement retail stores. Includes stores offering building materials and supplies.





25504040 - Specialty Stores

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Owners and operators of specialty retail stores not classified elsewhere. Includes jewelry stores, toy stores, office supply stores, health & vision care stores, and book & entertainment stores.





25504050 - Automotive Retail

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Owners and operators of stores specializing in automotive retail. Includes auto dealers, gas stations, and retailers of auto accessories, motorcycles & parts, automotive glass, and automotive equipment & parts.





25504060 - Homefurnishing Retail

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Owners and operators of furniture and home furnishings retail stores. Includes residential furniture, home furnishings, housewares, and interior design. Excludes home and garden improvement stores, classified in the Home Improvement Retail Sub-Industry.

SectorIndustry GroupIndustrySub-Industry
25 - Consumer Discretionary2510 - Automobiles & Components251010 - Auto Components 25101010 - Auto Parts & Equipment
25101020 - Tires & Rubber251020 - Automobiles25102010 - Automobile Manufacturers25102020 - Motorcycle Manufacturers2520 - Consumer Durables & Apparel252010 - Household Durables25201010 - Consumer Electronics25201020 - Home Furnishings25201030 - Homebuilding25201040 - Household Appliances25201050 - Housewares & Specialties252020 - Leisure Products25202010 - Leisure Products252030 - Textiles, Apparel & Luxury Goods25203010 - Apparel, Accessories & Luxury Goods25203020 - Footwear25203030 - Textiles2530 - Consumer Services253010 - Hotels, Restaurants & Leisure25301010 - Casinos & Gaming25301020 - Hotels, Resorts & Cruise Lines25301030 - Leisure Facilities25301040 - Restaurants253020 - Diversified Consumer Services25302010 - Education Services25302020 - Specialized Consumer Services2550 - Retailing255010 - Distributors25501010 - Distributors255020 - Internet & Direct Marketing Retail25502020 - Internet & Direct Marketing Retail255030 - Multiline Retail25503010 - Department Stores25503020 - General Merchandise Stores255040 - Specialty Retail25504010 - Apparel Retail25504020 - Computer & Electronics Retail25504030 - Home Improvement Retail25504040 - Specialty Stores25504050 - Automotive Retail25504060 - Homefurnishing Retail


Consumer Staples Sector

The Consumer Staples Sector comprises companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages and tobacco and producers of non-durable household goods and personal products. It also includes food & drug retailing companies as well as hypermarkets and consumer super centers.

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