Spirits Volumes Decelerate in October

Dear Client: It looks like we were off to a slow start this holiday season, but the numbers are still solid. The latest off-premise Nielsen data shows that recent improvements in price/mix continue to take a toll on spirits industry volumes. Volumes grew 2.8% in the 4-weeks ending November 12, decelerating from +4.2% for the last 12-weeks, reports UBS senior analyst Kaumil Gajrawala. But "this is explained by price/mix increasing to" +1.7% versus +1.1% in the last 12 weeks, he