Summary: Construction spending up 1.6%, more than expected; up 3.2% from September 2023 quarter; Westpac: dynamics associated with Australian construction activity remain little changed; ACGB yields generally fall; rate-cut expectations soften; Westpac: public infrastructure works main driver behind growth in overall activity; residential sector up 1.8%, non-residential building down 1.0%, engineering up 2.6%. Construction expenditure increased substantially in Australia in the early part of last decade following a more-steady expansion...