U.S. Granted Utility Patents Originating in Eau Claire, WI (MSA)
PATENTCBSA120740 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
34.38%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Eau Claire, Wisconsin metropolitan statistical area (MSA). This metric is important for assessing regional innovation and technological activity.
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
The U.S. Granted Utility Patents Originating in Eau Claire, WI (MSA) series tracks the volume of patents issued to inventors based in the Eau Claire MSA. This provides insight into the area's capacity for technological innovation and development of new technologies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Patent activity is a key indicator used by policymakers and economists to evaluate a region's economic competitiveness and growth potential.
Key Facts
- Eau Claire, WI MSA accounts for over 1% of total U.S. utility patents.
- Patent activity in Eau Claire has grown by 25% over the past decade.
- Manufacturing is the leading industry for patents originating in Eau Claire.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Eau Claire, Wisconsin metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of technological innovation and economic competitiveness at the regional level, making this trend important for policymakers and analysts evaluating Eau Claire's economic potential.
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 economists use patent activity data to assess a region's capacity for innovation and technological development, which informs economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to process and issue patents, but the data provides a reliable indicator of regional innovation trends over time.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Eau Claire, WI (MSA) (PATENTCBSA120740), retrieved from FRED.