Non-residential construction downturn seen brief

Newswire

NEW YORK, May 21 (Reuters) - An expected downturn in U.S. non-residential construction may prove brief, a forward-looking index of billings at architecture firms indicated, as it rebounded from record lows last month. The Architecture Billings Index rose almost six points to 45.5 in April, the American Institute of Architects (AIA) said on Wednesday. In March, the index fell to a record low of 39.7. April was the third consecutive month below 50, the AIA said. Any reading below 50 ...

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