A rolling 12-month total adds up the latest 12 months and moves forward every month, instead of using a fixed calendar year. It smooths out seasonal swings.
滚动 12 个月合计
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $942bn | Foreign capital flows into US stocks hit record $942bn 滚动 12 个月合计 · 第 3 张术语卡 | The record $942bn is a rolling 12-month figure 'in the 12 months to July' — not calendar-year data. 常见同类口径还有滚动 4 季度（trailing four quarters）、年化（annualised）。看资金流时用它可避免「年初基数低、年末看着猛」的错觉；但单月数据波动极大（本篇 7 月仅 37 亿美元），务必结合趋势读数。 |