Sunday, March 2, 2008

Don't Expect Consumers to Skimp on Their Booze

Americans may be drinking less, but they're drinking better.

Even though a slowing economy is expected to temper the growth of U.S. spirits sales this year, industry watchers doubt consumers will lose their newfound taste for high-end products.

The Distilled Spirits Council expects spirits sales to rise 4.6 percent this year, that's slower than last year's growth of 5.6 percent and a moderation of the robust growth the industry has seen since 2001.

"We are not seeing people eating out as much, and if people are going to be staying home........


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