U.S. Granted Utility Patents Originating in Elkhart-Goshen, IN (MSA)
PATENTCBSA121140 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
9.30%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of granted utility patents originating from the Elkhart-Goshen, IN metropolitan statistical area (MSA). Utility patents reflect innovative activity and are an important indicator of regional economic competitiveness.
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 Elkhart-Goshen, IN (MSA) trend tracks the volume of new utility patents granted to inventors and businesses located within the Elkhart-Goshen MSA. Utility patents cover functional inventions and are a key metric for assessing the innovative capacity of a local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and regional economic development agencies use this metric to benchmark innovation and competitiveness.
Key Facts
- Elkhart-Goshen, IN is a manufacturing-focused MSA.
- Utility patents represent functional, non-obvious inventions.
- Patent activity is a leading indicator of economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and businesses located in the Elkhart-Goshen, IN metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovative activity and technological competitiveness within a regional economy.
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 agencies use this metric to benchmark the innovative capacity and competitiveness of the Elkhart-Goshen regional economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Elkhart-Goshen, IN (MSA) (PATENTCBSA121140), retrieved from FRED.