Craft beer industry sees worst ever slump in 2023 production

Economic Growth News

Craft beer industry sees worst ever slump in 2023 production
Economic DataColorado
  • 📰 axios
  • ⏱ Reading Time:
  • 36 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

The -1% production decline for 2023 is the worst on record, new data. shows

The -1% production decline for last year is the worst on record since the association began tracking industry numbers in the late 1970s

The overall beer industry, led by mega-brewers like Anheuser-Busch and Molson Coors, saw -5.1% production volume, though its retail sales increased 3%.The closing rate increased to 4%, or 418 breweries, and openings decreased for the second consecutive year.The intrigue: Pennsylvania's Yuengling is the largest craft producer in the nation, followed by Boston Beer and California's Sierra Nevada Brewing.Lower beer sales at taprooms and brewpubs helped drive the negative trend. Also, breweries are making roughly 50% of their capacity, most likely the lowest number on record.from Athletic Brewing, said Bart Watson, the association's vice president of strategy and chief economist.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

axios /  🏆 302. in US

Economic Data Colorado

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Comparison: 2023 Hyundai Santa Fe vs 2023 Kia Sorento PHEVs | Car ReviewsComparison: 2023 Hyundai Santa Fe vs 2023 Kia Sorento PHEVs | Car ReviewsHow to choose between the 2023 Hyundai Santa Fe PHEV vs 2023 Kia Sorento PHEV? Auto123 compares two attractive plug-in SUVs options.
Read more »

Chicago ranked 2nd for worst air pollution in 2023 among major US cities, global report saysChicago ranked 2nd for worst air pollution in 2023 among major US cities, global report saysChicago ranked second among major U.S. cities with the worst air pollution in 2023, its average annual concentration of dangerous fine particulate matter almost three times global guidelines, according to a recent report. Even as national standards have tightened, pollution levels in the city still surpassed old regulations.
Read more »

Chicago ranked 2nd for worst air pollution in 2023 among major US cities, global report saysChicago ranked 2nd for worst air pollution in 2023 among major US cities, global report saysSmoke from forest fires in Canada significantly increased the levels of dangerous fine particulate matter in cities in the Midwest and Northeast.
Read more »

2023 saw 'worst wave of anti-Muslim hate,' report finds2023 saw 'worst wave of anti-Muslim hate,' report finds2023 saw 'worst wave of anti-Muslim hate,' report finds
Read more »

Wing Luke Museum will receive $50,000 from city to help with repairs after alleged hate crimeWing Luke Museum will receive $50,000 from city to help with repairs after alleged hate crimeSurveillance video captured the suspect smashing the museum's windows one by one in September 2023.
Read more »

Broncos LT Garett Bolles “played well” in 2023, GM George Paton says, as contract year approachesBroncos LT Garett Bolles “played well” in 2023, GM George Paton says, as contract year approachesParker joined The Denver Post in September 2022 after covering the Broncos for USA Today. Before that, he spent five years covering Nebraska football and athletics for the Lincoln Journal Star. He's a New Glarus, Wisconsin native and a University of Wisconsin graduate.
Read more »



Render Time: 2025-03-03 13:27:50