U.S. Granted Utility Patents Originating in Allentown-Bethlehem-Easton, PA-NJ (MSA)
PATENTCBSA110900 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320.00
Year-over-Year Change
2.89%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents originating in the Allentown-Bethlehem-Easton, PA-NJ metropolitan statistical area (MSA). Patents are a key indicator of innovative activity and technological progress in a region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are a type of patent granted for new and useful inventions. Monitoring patent activity in specific geographic areas provides insights into the innovation ecosystem and competitiveness of local economies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development organizations use this metric to assess a region's innovation capacity and competitiveness.
Key Facts
- The Allentown-Bethlehem-Easton MSA is a major economic hub in Pennsylvania.
- Utility patents measure new and useful inventions, as opposed to design or plant patents.
- Patent activity is a leading indicator of technological advancement and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents originating in the Allentown-Bethlehem-Easton, PA-NJ metropolitan statistical area (MSA). Utility patents measure new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of innovative capacity and technological progress in a regional economy. Monitoring this trend provides insights into the competitiveness and growth potential of the Allentown-Bethlehem-Easton MSA.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess a region's innovation ecosystem and competitiveness, informing decisions around investment, workforce development, and business attraction.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 quarters, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Allentown-Bethlehem-Easton, PA-NJ (MSA) (PATENTCBSA110900), retrieved from FRED.