Global beer sales drying up, says report - WELCOME TO THEWATCHNEWS. : WORLD NEWS & ENTERTAINMENT.

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Sunday, 4 June 2017

Global beer sales drying up, says report



People are drinking fewer alcoholic drinks, according to
 a new industry report tracking consumption worldwide.

Beer sales continued to slide last year and the trend
 towards cider sipping stalled.

The global market for all alcoholic drinks contracted
 1.3% in 2016, driven by a 1.8% fall in beer sales, the International Wine and Spirits Record (IWSR) found.

Cider sales went in reverse, down 1.5% after several 
years of growth.

The overall contraction of international alcohol sales is
 far greater than the average dip of 0.3% in the previous 
five years.

The IWSR market report for 2016 found global wine sales
 to be relatively flat, down 0.1% and spirits consumption 
grew 0.3%.

UK gin makers could be boosted as the so-called gin 
revival continued, with sales of the iconic British tipple up
 3.7% globally.

Although global GDP increased 3.5% in 2016, according
 to the IMF, and economic growth usually correlates with increased alcohol consumption several major economies, China, Russia and Brazil all faced an economic slowdown or recession.

Beer sales in China fell 4.2%, were down 5.3% in Brazil
 and dipped 7.8% in Russia.

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