Late last week, the Beer Institute published an unofficial estimate of domestic tax paid by beer brewers. The February 2014 domestic tax paid estimate was 13,300,000 barrels (bbls). February 2013 removals were 12,900,000 (revised) for an increase of 3.1 percent. Please note the following monthly revisions from previous releases for 2013 and 2014:
Month 2013 2014 Percent Change Volume Change
January 13,700,000 13,800,000 0.7 percent 100,000 bbls
February 12,900,000 13,300,000 3.1 percent 400,000 bbls
YTD 26,600,000 27,100,000 1.9 percent 500,000 bbls
That is all for now.
