Spirits Growth Slows in January, but Still a Solid Month

Dear Client: Spirits volumes in control states grew 1.2% in January, according to NABCA data. Yes, growth was slower than December, where volumes climbed 2.1%, but it's not surprising since January is typically a slower month for the industry. Rolling-twelve month volumes were up 2.3% against the 2.1% growth rate reported in December. Dollar sales were up 1.7%, while trending at 2.9% during the past twelve months. This was also behind the December rate of 2.1%. The effect of brand