US DATA: Sept construction spending +0.6 above the +0.5% median
expectation of forecasters surveyed by MNI. Aug was revised up to
-0.1% (prev -0.6%). Prvt constr +1.3% and Public constr was -0.8%. Prvt
Residential constr +2.8%, 1-fam +3.9%, Multi-fam +1.3%. According to an
MNI calculation, Residential ex-new homes +2.0% vs Aug -1.1%. Prvt
nonresidential constr -0.1% vs Aug -1.0%. State and local govt constr
spending -0.3% and Fed constr spends -6.2%. Prvt power constr +1.1% and
prvt commercial constr -3.8%.
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