Beer sales are improving. The June Beer Purchasers Index, produced by the National Beer Wholesalers Association, rose to 54 while the At Risk Inventory remains slightly above the benchmark (50) at 51.
NBWA noted that the current BPI of 54 is below the survey average of 60 for June during the past nine years. "However, the June index does point to a few signs of strength in the beer market as purchasing activity increased for five of the seven measured segments.
Here's how the individual segments did during June:
- The index for imports continues to point to expanding volumes with a reading of 68, seven points higher than the June 2022 reading of 61.
- The craft index at 38 continues to signal contraction but is slightly above the June 2022 reading of 33.
- The premium lights index posted a reading of 52, significantly higher than the June 2022 reading of 44.
- The premium regular segment index at 53 is also significantly above the June 2022 reading of 36.
- The below premium segment reading at 53 is also above the June 2022 reading of 42 and continues a trend in expanding (above 50) territory.
- The FMB/seltzer reading fell to 31 in June, lower than the June 2022 reading of 36.
- Finally, the cider segment posted a June reading at 28 compared to 30 in June 2022..