Based on NABCA data, Melissa Earlam of UBS reports that volumes declined by -0.9% in September despite relatively unchallenging year-on-year (yoy) comps of 3.3% in Sept. 2006. Volumes were up 4.9% in August from the previous year, while year-to-date case sales rose 3.2%, slightly below the 3.9% reported growth for the same period last year. … Continue reading "SPIRITS VOLUME DOWN -0.9% IN SEPTEMBER"