The U.S. Commerce Department released construction spending data on Monday. Construction spending in the U.S. increased 0.3% in March, in line with expectations, after a 1.0% rise in February. February's figure was revised up from a 0.5% decline.

The increase was mainly driven by a rise in total private spending. Total public construction spending slid 1.9% in March, while total spending on private construction projects increased 1.1%.