This week in interesting industry headlines:
Nonresidential Construction Sector Continues Steady Pace Despite Drop in Overall Economy [For Construction Pros]
"The construction industry continues to proceed on the recovery track, although it is showing signs of a minor deceleration,” said Chris Daum, president and senior managing director of investment banking at FMI. “Despite the decrease in projected backlog and the squeeze from rising material costs, executives in our industry are still bullish and hold positive outlooks overall." Read more
Central America issues alert as severe drought hits agriculture [Yahoo News]
"Central American and Caribbean governments on Thursday issued an officia
l alert as severe drought in the region damages the crops of some 1.6 million people." Read more
Oil Companies Sit on Hands at Auction for Leases [The New York Times]
"It was the clearest sign yet that the fortunes of oil companies are skidding so fast that they now need to cut back on plans for production well into the future." Read more
From Mining to Refining: Low Commodity Prices Force Shift at Industry Giants [The Wall Street Journal]
"With industrial metals and coal at lows last seen during the financial crisis, the share prices of many companies have collapsed by more than half in the past year. A global supply glut and weak demand have spurred the selloff in futures markets and mining stocks." Read more
August to End Drier, El Nino Growing Stronger [Agriculture.com]
"Depending on your location in the region, tracking predicts warmer to slightly below-normal temperatures, with wetter conditions trending for the 31- to 60-day outlook." Read more
