Construction spending (.pdf): down 0.9% in May M/M vs. -0.5% consensus and -11.6% from the year...

Construction spending (.pdf): down 0.9% in May M/M vs. -0.5% consensus and -11.6% from the year prior period. The decline follows two straight monthly increases. For the first five months of the year, construction spending -11.7% Y/Y.