Good afternoon,
Linked below is the July 2018 Domestic Tax Paid Estimate.
Below find a few key points provided by our Chief Economist, Michael Uhrich:
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Domestic beer shipment trends improved for the second month in a row in July, growing 6.1% or 1.3% adjusted for one fewer selling day compared to July 2017.
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July showed the strongest growth trend in the last nine months.
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All signs suggest the supply chain issues that brewers faced during the first half of the year have been largely resolved following June’s inventory correction.
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Super premium and FMB products (including hard seltzers) are contributing a majority of the growth among domestic beer brands.
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According to syndicated data from both Nielsen and IRI, wine and liquor category growth trends have slowed recently, especially in off-premise channels. Beer’s recent trend improvements might be related to this decelerating trend in wine and liquor.
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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