Jan State Shipments Volume Up 1%

Dear Client: Good news from January state shipments: volumes grew 1%, per BI data. On a weak base. That's the second consecutive month of growth. And looking at a 12-month time frame, beer shipment volumes were only down 0.6%. That's "the smallest decline since February 2017," per BI. (This may have provided some lift, at least in the month of January: As we've reported for seltzer brands like Boston's Truly, some suppliers reported building inventories on hot products [like seltzers],