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April Construction Spending.................>

US DATA
US DATA: April Construction Spending
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- April construct spending flat vs. +0.4% exp by BBG consensus and MNI. 
- Mar rev up to +0.1% from -0.9%.
- Private residential building -0.6%. 1-fam flat, multi-fam +2.3%. 
- Remodeling -2.5%, based on an MNI calc. 
- Private nonres blg -2.9%, led by declines in manufacturing, 
commercial, and health care.
- Public construct +4.8%. State and local govt +4.6%. Fed govt +7.4%.

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