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Jan construct spending flat, below the exp,.>

US DATA: Jan construct spending flat, below the +0.3% exp, while Dec and 
Nov construct rev up to +0.8% and +1.2%, respectively. 
- Private residential building +0.3%, with 1-family +0.6%, multi-family 
-1.3%, and building ex. new homes +0.2% based on an MNI calc.
- Private nonres building -1.5%, with declines in all categories except 
for lodging, amusement and rec, transpo, communication, and manufacturing.
- Public construction +1.8%. State and local building +0.5% and Federal 
construction +14.9%, to its highest level since Sep 2011.

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