U.S. Granted Utility Patents Originating in Pettis County, MO
PATENTCOUNTY29159 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Pettis County, MO' metric tracks the number of utility patents granted to inventors residing in Pettis County, Missouri. This provides insight into local innovation and technological activity in the region.
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
Utility patents are a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. Tracking patents originating in Pettis County allows analysis of regional innovation trends and technological progress.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and economic development organizations use this metric to assess the innovative capacity and competitiveness of local economies.
Key Facts
- Pettis County is located in west-central Missouri.
- Utility patents make up the majority of all U.S. patents granted.
- Patent activity is a key indicator of technological and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors residing in Pettis County, Missouri. Utility patents cover new and useful inventions, processes, or improvements.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in a local area provides insight into regional innovation and technological progress, which are important factors for 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 through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this metric to assess the innovative capacity and competitiveness of the Pettis County economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the U.S. Patent and Trademark Office, which may result in some delay between patent issuance and data publication.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Pettis County, MO (PATENTCOUNTY29159), retrieved from FRED.