Article source: CMDGroup

Clichés are often true and it is the case that a picture can be worth a thousand words.

Below are six graphs recording 12-month moving averages of CMD ’s non-residential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.
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