March BPI Shows Shadowy Start to Spring

Dear Client: It’s been a gloomy start to 2025 and the clouds aren’t letting up, as the NBWA’s latest Beer Purchasers’ Index casts a further shadow with distributor sentiment looking shaky heading into spring. Indeed, BPI for total beer hit at a paltry 33 over the month of March, well below the expansion mark of 50, while at-risk inventory came in right at 50 for the month. Moreover, there is no ray of sunshine creeping through in the latest BPI,