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February Construction Spending and January..>

US DATA
US DATA: February Construction Spending and January Business Inventories
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- Feb construct spending +1.0% vs. -0.1% exp by BBG consensus, +0.1% exp 
by MNI. Jan rev up to +2.5% from +1.3%.
- Jan business inv +0.8% vs. +0.4% exp by MNI and +0.5% exp by BBG. 
Business sales +0.3%.
- Jan retail inv now +0.8%, ex. auto +0.6%.
- Private residential building +0.7%. 1-fam -1.1%, multi-fam -0.4%. 
- Remodeling +3.6%, based on an MNI calc. 
- Private nonres building -0.5%, led by transportation, commercial, and 
educational.
- Public construct +3.6% (all time high). State and local govt +3.8% 
(all time high). Fed govt +0.9%.

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