• Mon. Mar 20th, 2023

Beer sales are up. What can that inform us about the economy?


Mar 17, 2023

Multicolored packages of craft beers and seltzers line shelves of a store's refrigerated section.

Whilst seltzer sales saw an uptick final year, craft beer sales declined.
Scott Olson/Getty Photos

In February, the National Beer Wholesalers Association’s beer purchasers’ index showed an boost in total beer sales year more than year. Segments like sub-premium beers — feel Keystone and Pabst Blue Ribbon — as effectively as seltzers saw upticks. Meanwhile, the craft segment suffered the biggest decline across the board.

“Craft beer on a complete we’ve observed an eight% reduce [in sales]. But we’ve observed really a 7% boost in import and domestic, so a lot of price tag-conscious shoppers are out there,” stated Jason Perkins, owner of Perk’s Beer and Beverage in Scarborough, Maine.

Because opening 4 years ago, Perkins has noticed that beer-only drinkers are a lot more prepared to broaden their horizons.

“Fifteen years ago, or even most likely much less than that, it is if you are a beer drinker, you are a beer drinker,” Perkins stated. “And that does not actually exist any longer. With the younger individuals coming by way of now, exactly where it is, you know, a common evening could be a beer, seltzer and a cocktail or a beer, seltzer and a glass of wine.”

To listen to Perkins’ story, click the audio player above.