ALEXANDRIA, Va. – The National Beer Wholesalers Association (NBWA) released the Beer Purchasers' Index (BPI) for June 2022.
The June 2022 BPI results show the total beer index at 46 and “at-risk" inventory at 47, indicating a break in the pattern after the 50+ readings experienced previously this year. Continued inflationary pressures, extreme heat, rising interest rates and recession fears, coupled with slower-than-expected sales in May, bring the industry to a pause after five months of positive ordering trends. When looking at the comparison month of June 2021, it is worth noting that the industry was experiencing an extraordinary period of recovery for on-premise retail. The June 2022 results show a shift to a slightly more pessimistic sentiment compared to the previous two quarters of this year. However, leaner inventories, reflected in the below 50 "at-risk" inventory measure, are a positive signal for the industry as it manages through unprecedented heat waves, price increases, uncertainty around consumer demand and the general economy.
About NBWA's Beer Purchasers' Index: BPI is the only forward-looking indicator for distributors to measure expected beer demand. The index surveys beer distributors’ purchases across different segments and compares them to previous years. A reading greater than 50 indicates the segment is expanding, while a reading below 50 indicates the segment is contracting.
Looking across the segments for June:
The National Beer Wholesalers Association (NBWA) represents America’s 3,000 independent beer distributors who service every state, congressional district and media market across the country. Licensed at the federal and state levels, beer distributors get bottles, cans, cases and kegs from a brewer or importer to stores, restaurants and other licensed retail accounts through a transparent and accountable regulatory system. Distributors build brands of all sizes – from familiar domestic beers to new startup labels and imports from around the world – and generate enormous consumer choice while supporting more than 140,000 quality jobs in their home communities. Beer distributors work locally to keep communities safe by sponsoring programs to promote responsible consumption, combat drunk driving and reduce underage drinking.