U.S. Granted Utility Patents Originating in San Angelo, TX (MSA)
PATENTCBSA141660 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in the San Angelo, TX metropolitan statistical area (MSA). It provides insights into local innovation and technological progress.
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 San Angelo, TX (MSA) data series tracks the number of utility patents issued to inventors residing in the San Angelo, TX MSA. This metric is used to assess the innovative capacity and technological dynamism of the local economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Historical Context
Policymakers and economic analysts use this metric to evaluate regional competitiveness and guide economic development strategies.
Key Facts
- San Angelo, TX MSA is home to several technology and manufacturing firms.
- Utility patents represent new, useful, and non-obvious inventions.
- The number of patents originating in a region is a proxy for local innovative capacity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating in the San Angelo, TX metropolitan statistical area (MSA). Utility patents represent new, useful, and non-obvious inventions.
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 innovative capacity and technological dynamism, which are important for regional economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to evaluate regional competitiveness and guide economic development strategies, particularly in the areas of innovation and technology.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delay in reporting due to the time required to process and issue patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in San Angelo, TX (MSA) (PATENTCBSA141660), retrieved from FRED.