Some estimates down, some up after construction spending

Economists are lowering GDP estimates after January US construction spending.

Barclays lowered its Q1 GDP tracking estimate to 1.9% from 2.1%. Goldman Sachs nicked it to 2.5% from 2.7%.

The good news in the report was a revision on Dec spending to 0.8% from 0.4%. Still, economists at JPMorgan said that revisions wasn't enough to boost its 2.2% estimate.