U.S. Granted Utility Patents Originating in Montgomery, AL (MSA)
PATENTCBSA133860 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
13.33%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Montgomery, AL metropolitan statistical area (MSA). It provides insights into the 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 are a key indicator of innovation and technological progress. Tracking patents originating from the Montgomery, AL MSA offers valuable information about the region's economic competitiveness and its ability to generate new inventions and technologies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policy makers and economic analysts use this metric to assess the technological dynamism and innovative capacity of the Montgomery, AL metropolitan area.
Key Facts
- Montgomery, AL ranks 161st among U.S. metropolitan areas for utility patents.
- Patent output in Montgomery has increased by 23% over the past 5 years.
- Montgomery accounts for 0.2% of total U.S. utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from the Montgomery, AL metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Tracking utility patents in the Montgomery, AL region provides insights into the area's innovative activity and technological development, which are key indicators of economic competitiveness.
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: Policy makers and economic analysts use this metric to assess the technological dynamism and innovative capacity of the Montgomery, AL metropolitan area, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent patent activity in the Montgomery region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Montgomery, AL (MSA) (PATENTCBSA133860), retrieved from FRED.