Wholesalers More Optimistic

Dear Client: Spirits wholesalers are more optimistic now than they were in December, says UBS analysts Kaumil Gajrawala and Melissa Earlam, based on a recent survey of US wine and spirits wholesalers. The wholesaler optimism index score in March was 2.5, with 1 being the most optimistic. Fifty-nine percent said current volume trends are better than three months ago, while a majority (68%) expect volumes to increase year over year in the next 3 months. Even better, they are more