USA: Beer shipments decline by 4.3% in April
April domestic tax paid beer shipments declined an estimated -4.3% year-over-year (YoY), to 12.3 million barrels, according to Beer Institute (BI) chief economist Andrew Heritage, citing estimates from the Alcohol and Tobacco Tax and Trade Bureau (TTB).
While still in decline, April shipments improved from the -13.6% YoY decline recorded in March, which followed two consecutive months of growth and the “strongest monthly growth in almost three years” in February.
The TTB also continues to update its estimates, and March’s double-digit decline could still change.
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