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Another round: American whiskey makers toast strong sales
Economy
Published in 6-2-2018
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LOUISVILLE, Ky. - American whiskey makers toasted another round of robust sales in 2017, stirred increasingly by consumers' thirst for the priciest spirits - mixed in cocktails or sipped straight up. Demand grew in the U.S. and overseas as the distilled spirits industry gained market share in the crowded domestic adult beverage sector, the Distilled Spirits Council said. Combined U.S. revenues for bourbon, Tennessee whiskey and rye whiskey rose 8.1 percent, or $252 million, to $3.4 billion in 2017, the distilled spirits trade group said in a report. Domestic volumes rose 6.4 percent to nearly 23.2 million cases. In another shot of good news for the industry, super-premium whiskeys had the biggest volume surge among American whiskeys.
Reference: www.chron.com