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March construction spending -0.9%, well the.>

US DATA
US DATA: March construction spending -0.9%, well below the expected flat 
reading by Bloomberg and +0.2% expected by MNI. 
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- Feb rev down to +0.7% from +1.0%.
- Private res building -1.8%. Within the category, 1-family -1.5%, 
multi-family +0.7%, and remodeling -3.1%, based on an MNI calc.
- Private nonres building +0.5% (all time high), led by lodging (+1.8%), 
transportation (+1.5), and manufacturing (+2.5%).                                   
- Public construction -1.3%, after Feb rev down to +3.2% from +3.6%. 
State and local gov building -1.1%, while federal gov construction -2.7%.

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