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October construct spending -0.1% vs. +0.4%..>

US DATA
US DATA: October construct spending -0.1% vs. +0.4% expected, while 
September revised down to -0.1% from a flat reading and August revised 
down to -0.4% from +0.8%. 
- Private residential building -0.5%. Within the category, 1-family 
-0.5%, multi-family +1.0%, and building ex. new homes -0.9%, based on 
an MNI calc. 
- Private nonres building -0.3%, driven by -2.4% in power and -1.0% in
manufacturing, partially offset by +3.1% in offices, and +1.6% in lodging.
- Public construction +0.8%, after September rev down to -1.5% from 
-0.9%. State and local government building +0.5%, while federal 
government construction +3.7%.
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