US DATA: June construction spending +0.2% vs -0.1% expected, with
private spending +0.8% and public spending -0.7%. Private residential
spending -0.3%, with single-family building +0.3%, but multi-family
-2.8%. An MNI calculation show residential building excluding new homes
-0.5%. Nonresidential building +1.8% on gains in every category except
the very small religious and amusement in recreation sectors, a positive
for nonresidential fixed investment.