Summary: Construction spending up 0.7%, largely as expected; up 8.7% from December 2022 quarter; Westpac: figures confirmation growth is cooling; ACGB yields increase; rate-cut expectations largely unchanged; Westpac: construction work catches up with earlier mini-jump in project starts; residential sector down 5.2%, non-residential building up 5.0%, engineering up 2.7%. Construction expenditure increased substantially in Australia in the early part of last decade following a more-steady expansion through the 2000s. A...