U.S. Granted Utility Patents Originating in Huntsville, AL (MSA)
PATENTCBSA126620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190.00
Year-over-Year Change
29.25%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating in the Huntsville, AL metropolitan statistical area (MSA). It provides insights into the region's 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
Utility patents represent new, useful, and non-obvious inventions. This metric offers a window into the innovative capacity and intellectual property development in the Huntsville, AL MSA, which is home to a thriving aerospace and technology industry.
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 track the competitiveness and growth potential of the Huntsville regional economy.
Key Facts
- Huntsville, AL is a major hub for aerospace and technology companies.
- The Huntsville MSA has seen steady growth in utility patent grants over the past decade.
- Patents are a key indicator of innovation and technological competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors originating in the Huntsville, AL metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of innovation and technological activity, making this metric useful for understanding the competitiveness and growth potential of the Huntsville 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 organizations use this metric to track the innovative capacity and intellectual property development in the Huntsville MSA, which is crucial for assessing the region's competitiveness and growth prospects.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and potential lags of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Huntsville, AL (MSA) (PATENTCBSA126620), retrieved from FRED.