U.S. Granted Utility Patents Originating in Saginaw-Saginaw Township North, MI (MSA)
PATENTCBSA140980 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.00
Year-over-Year Change
-6.25%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted for inventions originating in the Saginaw-Saginaw Township North, MI metropolitan statistical area (MSA). It provides insight into the region's innovative capacity and technological advancement.
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 Saginaw-Saginaw Township North, MI (MSA) series tracks the number of utility patents issued by the U.S. Patent and Trademark Office for innovations developed within this specific geographic area. Utility patents cover new and useful inventions, reflecting the MSA's contribution to technological progress.
Methodology
The data is collected through the official patent granting process by the U.S. Patent and Trademark Office.
Historical Context
This metric is used by economists and policymakers to assess the innovative performance and competitiveness of the Saginaw-Saginaw Township North, MI region.
Key Facts
- Saginaw-Saginaw Township North, MI had 98 utility patents granted in 2021.
- The number of patents granted in this MSA has increased by 20% over the past 5 years.
- Manufacturing and healthcare are the top patent-producing industries in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted for inventions originating in the Saginaw-Saginaw Township North, MI metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the innovative capacity and technological progress of the Saginaw-Saginaw Township North, MI region, which is valuable information for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through the official patent granting process by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the competitiveness and innovative performance of the Saginaw-Saginaw Township North, MI region, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data, as the patent granting process can take time to be fully reflected in the statistics.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Saginaw-Saginaw Township North, MI (MSA) (PATENTCBSA140980), retrieved from FRED.