U.S. Granted Utility Patents Originating in York-Hanover, PA (MSA)
PATENTCBSA149620 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.00
Year-over-Year Change
22.58%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors residing in the York-Hanover, PA metropolitan statistical area (MSA). It provides insights into regional 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 York-Hanover, PA (MSA) trend tracks the total number of utility patents issued to inventors living within the defined York-Hanover, PA MSA geographic area. Utility patents are a key indicator of technological innovation and invention at the local level.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Policymakers and economic analysts use this metric to evaluate regional innovation and competitiveness.
Key Facts
- The York-Hanover, PA MSA is home to diverse industries like manufacturing and technology.
- Patent counts are an indicator of a region's capacity for technological breakthroughs.
- Utility patents protect new and useful inventions, processes, or improvements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors residing in the York-Hanover, PA metropolitan statistical area (MSA). It provides insights into regional innovation and technological progress.
Q: Why is this trend relevant for users or analysts?
A: Patent counts are a key indicator of a region's capacity for technological breakthroughs and innovation. This metric helps policymakers and analysts evaluate the competitiveness and economic potential of the York-Hanover, PA MSA.
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 and economic analysts use this metric to evaluate regional innovation and competitiveness, which can inform decisions around economic development, infrastructure investment, and workforce policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and publishing by the USPTO, but the trend generally provides timely insights into patent activity in the York-Hanover, PA MSA.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in York-Hanover, PA (MSA) (PATENTCBSA149620), retrieved from FRED.