Research Update

 

Good afternoon,

Linked below is the October 2017 Domestic Tax Paid Estimate.

Below find a few key points provided by our Chief Economist, Michael Uhrich:

  • During October, domestic beer shipments to wholesalers grew 5.6% on one extra selling day versus October last year. Adjusted for the extra selling day, the increase was 0.8%.
  • Wholesalers rebuilt inventories during October, following net inventory reductions during the previous two months.
  • It is normal for wholesalers to stock up in October. However, this year’s pre-holiday load in was especially strong, mostly due to the size and timing of this year’s general price increase.
  • October’s very strong performance reflects supply-side drivers listed above, not a change to underlying demand fundamentals.

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

Cheers,

Jim McGreevy
President and CEO

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