August Domestic Tax Paids Show Month’s Best Trends Since 2010

Dear Client: Yesterday the Beer Institute reported that August domestic tax paids were up an estimated 3.3%. August 2016 removals were 16,172,000 barrels.That's this year's best showing since the month of February, when domestic tax paids were up 4%. Every month thereafter has been flat to down: July was down almost 5%. BUT IT'S ALL IN THE SELLING DAYS. July's dismal performance was explained away by the loss of two selling days, and the way July 4 fell. Adjusted on