U.S. Granted Utility Patents Originating in Binghamton, NY (MSA)
PATENTCBSA113780 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.00
Year-over-Year Change
-49.30%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Binghamton, NY metropolitan statistical area (MSA). It serves as an indicator of innovative activity and technological development in this regional 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 represent inventions or improvements of a product or process. The Binghamton, NY MSA patent data provides insights into the innovative capacity and commercial potential of this industrial center, which is home to a range of technology companies and research institutions.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development analysts monitor this indicator to assess the region's ability to foster technological advancement and commercialize new innovations.
Key Facts
- Binghamton, NY is home to several major technology firms and research institutions.
- The Binghamton MSA has seen steady growth in utility patent activity over the past decade.
- Patent data is a leading indicator of innovative capacity and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Binghamton, NY metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The Binghamton, NY MSA patent data provides insights into the innovative capacity and commercial potential of this regional economy, which is important for policymakers and economic development analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development analysts monitor this indicator to assess the region's ability to foster technological advancement and commercialize new innovations.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Binghamton, NY (MSA) (PATENTCBSA113780), retrieved from FRED.