U.S. Granted Utility Patents Originating in Sherman-Denison, TX (MSA)
PATENTCBSA143300 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
-30.43%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic indicator tracks the number of utility patents granted to inventors originating from the Sherman-Denison, TX metropolitan statistical area (MSA). It provides insights into regional 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
The U.S. Granted Utility Patents Originating in Sherman-Denison, TX (MSA) series measures the volume of successful patent applications from this geographic region. It serves as a proxy for technological progress and commercial innovation within the local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Economists and policymakers use this metric to analyze regional competitiveness and the drivers of economic growth.
Key Facts
- Utility patents cover new, useful, and non-obvious inventions.
- The Sherman-Denison, TX MSA is a metropolitan region in north Texas.
- Patent activity is a leading indicator of technological and economic progress.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of utility patents granted to inventors originating from the Sherman-Denison, TX metropolitan area. It serves as a proxy for regional innovation and technological advancement.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a leading indicator of technological and commercial progress within a local economy. Monitoring this trend provides insights into the drivers of regional competitiveness and economic growth.
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: Economists and policymakers use this metric to analyze regional innovation ecosystems and inform strategies to support technological development and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and publication timelines of the USPTO.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Sherman-Denison, TX (MSA) (PATENTCBSA143300), retrieved from FRED.