US construction spending for October 1.3% vs. 0.8% estimate

US construction spending for October 2020
– Construction spending for October 2020 1.3% vs. 0.8% estimate
– prior month 0.3% revised to -0.5%
– public construction spending +1%
The headline number was much better-than-expected (0.5% higher than expectations), but the revision took away the steam from that gain (went from +0.3% to -0.5%).