Beer Institute's July 2024 Tax Paid Shipment Estimates
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Beer Institute Releases July 2024 Domestic Tax Paid Estimate
Recently, the Beer Institute shared its unofficial estimate regarding domestic tax paid shipments by beer brewers for July 2024. This important update shows some shifts in the industry yardstick.
Overview of July 2024 Estimates
The estimate for July 2024 indicates a total of 12,800,000 barrels, marking a notable decrease of 3.5% compared to the 13,257,969 barrels reported during July 2023. This decline paints a picture of the current market trends and consumer behaviors.
Understanding Monthly Trends
Here's a closer look at the monthly data:
- January: 11,199,785 in 2023 vs. 11,500,242 in 2024 (up by 2.7%)
- February: 11,034,980 in 2023 vs. 12,092,051 in 2024 (up by 9.6%)
- March: 14,709,143 in 2023 vs. 12,340,245 in 2024 (down by 16.1%)
- April: 12,850,800 in 2023 vs. 12,429,880 in 2024 (down by 3.3%)
- May: 12,760,843 in 2023 vs. 13,492,470 in 2024 (up by 5.7%)
- June: 15,134,224 in 2023 vs. 14,059,843 in 2024 (down by 7.1%)
- July: 13,257,969 in 2023 vs. 12,800,000 in 2024 (down by 3.5%)
- Year to Date: 90,947,744 in 2023 vs. 88,714,731 in 2024 (down by 2.5%)
Implications for the Brewing Industry
The decline in July's shipments reflects broader market trends and could indicate changes in consumer preferences within the brewing sector. As the Beer Institute continues its role in shaping public policy, understanding such data is crucial for stakeholders.
Future Predictions
The next estimate, focusing on August 2024, is scheduled for release on October 8, 2024. Market analysts and industry experts will be keenly observing these numbers to understand their implications.
About The Beer Institute
The Beer Institute serves as a national trade association for the American brewing industry. It represents brewers, beer importers, and suppliers within an industry that is integral to the economy, supporting nearly 2.4 million jobs and contributing over $409 billion nationwide. Established in 1862 as the U.S. Brewers Association, the Beer Institute remains committed to fostering sound public policy while emphasizing civic duty and personal responsibility.
Frequently Asked Questions
What was the estimated beer shipment for July 2024?
The estimated beer shipment for July 2024 was 12,800,000 barrels, a decrease from the previous year.
How does the July 2024 estimate compare to previous years?
It shows a decrease of 3.5% compared to July 2023, which had 13,257,969 barrels.
When will the next beer shipment estimate be released?
The next estimate is scheduled for October 8, 2024.
What does the Beer Institute represent?
The Beer Institute represents brewers, beer importers, and suppliers in the American brewing industry.
How significant is the brewing industry for the U.S. economy?
The brewing industry supports nearly 2.4 million jobs and contributes over $409 billion to the U.S. economy.
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