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March Construction Spending.................>

US DATA
US DATA: March Construction Spending
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- March construct spending -0.9% vs. flat reading exp by BBG consensus, 
+0.2% exp by MNI. Feb rev down to +0.7% from +1.0%.
- Private residential building -1.8%. 1-fam -1.5%, multi-fam +0.7%. 
- Remodeling -3.1%, based on an MNI calc. 
- Private nonres blg +0.5% to all-time high, led by lodging, 
transportation, and manufacturing.
- Public construct -1.3%. State and local govt -1.1%. Fed govt -2.7%.

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