Good afternoon,
Linked below is the May 2018 Domestic Tax Paid Estimate.
Below find a few key points provided by our Chief Economist, Michael Uhrich:
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U.S. domestic beer shipment volume decreased by 6.2% during May 2018 on the same number of selling days compared to May 2017.
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Very cold weather conditions in April resulted in above average distributor inventory levels at the end of that month, thereby reducing orders for delivery in May.
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Subsequently, very favorable weather conditions in May led to distributor inventory reduction during the month.
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Some beer suppliers reported trucking supply tightness as having been among the factors affecting their ability to respond to unexpectedly high demand in May. Trucking supply tightness has been a growing concern for many industries recently, as qualified commercial drivers have been in short supply.
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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