For just the second time in 2019, U.S. beer companies shipped more barrels of beer than they did in 2018.
The Beer Institute (BI), citing unofficial estimates of domestic tax paid shipments from the Alcohol and Tobacco Tax and Trade Bureau (TTB), reported that shipments increased 1.6%, to 14,386,000 barrels, in September, snapping seven months of consecutive declines.
The September rebound follows a 7.3% decline in August, the steepest drop of 2019. According to the BI, retail spending on domestically produced beer increased 3% during September.
“Trade-up (increased spending on a smaller volume of beer) continues to drive softness in domestic beer performance, but a confluence of mitigating factors led to domestic volume growth during September,” the BI reported.
Through the first nine months of 2019, U.S. beer companies have shipped nearly 126 million barrels of beer, down 2%, or about 2.6 million barrels, compared to this time in 2018.