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Alcoholic Spirit Sales Rise, Despite Economic Downturn

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July 2, 2008 Discuss

Despite the current downturn in the U.S. economy, sales of wine and spirits remain strong, BusinessWeek reported Tuesday.

The story noted that sales of other consumer-discretionary products have been hurt by the poor economic conditions, but alcohol sales are proving to be resilient.  “Beverage alcohol continues to be pretty recession-resistant,” Richard Hurst, of AC Nielsen, told BusinessWeek.

In May, spirit sales rose by 5.4% on a dollar basis and 3.6% on a volume basis, according to Nielsen. 

A recent Nielsen study provides in-depth analysis of current trends in alcoholic beverage purchases.

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