U.S. Granted Utility Patents Originating in St. Louis, MO-IL (MSA)
PATENTCBSA141180 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
779.00
Year-over-Year Change
15.92%
Date Range
1/1/2000 - 1/1/2015
Summary
This trend measures the number of utility patents originating in the St. Louis, MO-IL metropolitan statistical area (MSA). It provides insight into regional innovation 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 St. Louis, MO-IL (MSA) tracks the patents issued to inventors and researchers based in this major Midwest metropolitan region. It is a key indicator of local innovation and can inform economic development policies.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
This metric is widely used by policymakers, urban planners, and business analysts to assess a region's competitiveness and growth potential.
Key Facts
- St. Louis ranks among the top 25 U.S. metropolitan areas for utility patents.
- Patent activity in the region has grown by over 30% in the past decade.
- Key industries driving innovation in St. Louis include bioscience, aerospace, and financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors and researchers based in the St. Louis, MO-IL metropolitan statistical area (MSA).
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating in a region is a key indicator of local innovation and technological advancement, which are important drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Policymakers, urban planners, and business analysts use this metric to assess a region's innovation capacity and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 2-3 month lag from the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in St. Louis, MO-IL (MSA) (PATENTCBSA141180), retrieved from FRED.