WASHINGTON, June 25, 2020 (GLOBE NEWSWIRE) -- Today, the Beer Institute published an unofficial estimate of domestic tax paid shipments by beer brewers for May 2020:
The May 2020 estimate is 14,216,000 barrels, a decrease of 6.6% vs. May 2019 removals of 15,216,000.
The Beer Institute is expecting significant revisions for March 2020, April 2020, May 2020, and future months’ estimates as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
| Domestic Tax Paid - TTB | ||||
| (31 Gallon Barrels) | ||||
| Month | 2019 | 2020 | Percent Change | Volume Change |
| January | 12,433,513 | 12,423,000 | -0.1% | -10,513 |
| February | 11,430,812 | 11,325,000 | -0.9% | -105,812 |
| March | 14,370,000 | 14,300,000 | -0.5% | -70,000 |
| April | 14,200,000 | 13,500,000 | -4.9% | -700,000 |
| May | 15,216,000 | 14,216,000 | -6.6% | -1,000,000 |
| YTD | 67,650,325 | 65,764,000 | -2.8% | -1,886,325 |
Please note that the estimates above reflect revised estimates released by the TTB.
The June 2020 domestic tax paid estimate is scheduled to be released on July 30, 2020.
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The Beer Institute is a national trade association for the American brewing industry, representing brewers of all sizes, as well as beer importers and industry suppliers—an industry that supports more than 2.1 million jobs and provides more than $328 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.