ALEXANDRIA, Va. – Today, the National Beer Wholesalers Association (NBWA) released the Beer Purchasers' Index (BPI) for September 2021. The NBWA Beer Purchasers’ Index (BPI) is an informal monthly statistical release giving distributors a timely and reliable indicator of industry beer purchasing activity. BPI is the only forward-looking indicator for distributors to measure expected beer demand. Similar to the widely recognized Purchasing Managers’ Index, the BPI is a net-rising index and a leading indicator of industry performance based on survey responses from participating beer purchasers.
The September 2021 reading of 55 takes the industry back to pre-Covid trends when a mid-50s reading was more typical for this time of year. However, the components that make up the aggregate BPI reading continue to show very different trends. Most importantly, the FMB/Seltzer BPI reading took yet another dramatic hit, falling to an unprecedented 40 in September 2021 from 91 in September 2020. Imports were the only segment in solid expansion territory this month.
The “at-risk" inventory measures for September across all segments except the FMB/Seltzer segment remain below 50, signaling continued supply constraints in the distribution industry heading into the fourth quarter of 2021. The exception is the FMB/Seltzer category, which is expanding with an index reading of 59 for September 2021.
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 September:
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.