U.S. Granted Utility Patents Originating in Altoona, PA (MSA)
This dataset tracks u.s. granted utility patents originating in altoona, pa (msa) over time.
Latest Value
12.00
Year-over-Year Change
50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Altoona, PA (MSA)' series tracks the number of utility patents granted to inventors in the Altoona, Pennsylvania metropolitan statistical area. This metric provides insight into the innovation and technological activity in the local economy.
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 key indicator of innovative output and technological progress. The Altoona, PA MSA data specifically highlights entrepreneurial and R&D activity within this regional economy. Policymakers and analysts use this series to assess the competitiveness and growth potential of the local business environment.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Trends in patenting activity are closely monitored by economic development agencies and investors to identify emerging technology hubs and high-growth regions.
Key Facts
- Altoona, PA ranks 233rd out of 384 U.S. metropolitan areas by utility patents granted.
- Utility patents represent about 90% of all patents issued in the United States.
- Patent activity is a leading indicator of future economic and employment growth.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Altoona, PA (MSA)' series tracks the number of utility patents granted to inventors located in the Altoona, Pennsylvania metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological progress within a regional economy. Monitoring patent activity in Altoona provides insights into the entrepreneurial and R&D climate of the local business environment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Trends in patenting activity are closely tracked by economic development agencies and investors to identify emerging technology hubs and high-growth regions for potential investment and business opportunities.
Q: Are there update delays or limitations?
A: There may be lags in reporting utility patent data due to the administrative processing time at the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Altoona, PA (MSA) (PATENTCBSA111020), retrieved from FRED.