February construction spending +1.0%, well..>

US DATA: February construction spending +1.0%, well above expected +0.1%. 

-Jan business inv +0.8%, above exp by both MNI survey and BBG. 

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- February construct spending +1.0% vs. +0.1% exp by MNI and -0.1% exp 

by the Bloomberg consensus. Jan rev up to +2.5% from +1.3%.

- Jan business inv +0.8%, vs +0.4% exp by both MNI survey and +0.5% exp

by the Bloomberg consensus. Business sales +0.3%.

- Jan retail inv now +0.8%, ex. auto +0.6%.

- Private res building +0.7%. Within the category, 1-family -1.1%, multi-

family -0.4%, and remodeling +3.6%, based on an MNI calc.

- Private nonres building -0.5%, led by transportation (-7.0%) and 

educational (-4.4%).                                   

- Public construction +3.6%, an all time high, after January rev up to 

+5.7% from +4.9%. State and local gov building +3.8%, also an all time 

high, while federal gov construction +0.9%.