The Commerce Department said on Monday that construction spending was flat m-o-m in April after a revised 0.1 percent m-o-m gain in March (originally a 0.9 percent m-o-m decline).

Economists had forecast construction spending increasing 0.4 percent m-o-m in April.

On a y-o-y basis, construction spending dropped 1.2 percent in April.

According to the report, investment in public construction surged 4.8 percent m-o-m, while spending on private construction fell 1.7 percent m-o-m