Research Update

 

Good afternoon,

Linked below is the August 2019 Domestic Tax Paid Estimate. Below find a few key points provided by our Chief Economist, Michael Uhrich:

  • We estimate consumer retail spending on domestically produced beer was down 1% during August 2019.
  • Domestic beer shipment volume was down 7.3% in raw terms and minus 3.1% adjusting for one lost selling day compared to August 2018.
  • August’s decline in domestic shipment volume was partially due to out-of-stock issues on certain fast-growing products, particularly hard seltzers.
  • In addition, August’s decline was partially driven by consumer trade-up to imports and FMBs, including hard seltzers, as well as trade out to wine and hard liquor.  Because imports and hard seltzers tend to be more expensive, less volume is sold.

If you have any questions, please contact Michael at either 202-737-2337 or muhrich@beerinstitute.org.

https://www.beerinstitute.org/wp-content/uploads/2019/09/August-2019-Monthly-Domestic-Tax-Paid-Shipment-Estimate.docx

Cheers,

Jim McGreevy
President and CEO

 

 

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