U.S. Granted Utility Patents Originating in Reading, PA (MSA)
PATENTCBSA139740 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-36.46%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents granted to inventors originating from the Reading, PA metropolitan statistical area (MSA). It serves as an indicator of regional innovation and technological development.
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 Reading, PA (MSA) data series tracks the number of utility patents issued to inventors based in the Reading, PA MSA. This metric provides insights into the local innovation ecosystem and the capacity for technological advancements within the region.
Methodology
The data is collected and compiled by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this trend to assess the innovative potential and competitiveness of the Reading, PA metropolitan area.
Key Facts
- The Reading, PA MSA is home to several major pharmaceutical and manufacturing companies.
- Patents granted to the Reading, PA region have grown by over 20% in the past decade.
- The Reading, PA MSA ranks among the top 20 U.S. metropolitan areas for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted to inventors originating from the Reading, PA metropolitan statistical area (MSA). It serves as an indicator of regional innovation and technological development.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Granted Utility Patents Originating in Reading, PA (MSA) data provides insights into the local innovation ecosystem and the capacity for technological advancements within the region, which is of interest to policymakers and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to assess the innovative potential and competitiveness of the Reading, PA metropolitan area, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a delay of several months, and may not capture all patents issued within the current year.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Reading, PA (MSA) (PATENTCBSA139740), retrieved from FRED.