UBS
Latest Nielsen US spirits data shows price mix improving in Oct.
Nielsen data for US spirits for the four weeks to 15 October shows volumes up 3.6%, decelerating from +5.2% for the last 12 weeks. However, this is explained by price/mix increasing to +1.1% (vs. 0.7% last 12 weeks). Market sales are up 4.7% in last 4 weeks and +5% YTD. Nielsen covers 10% of the US spirits market.