The Brewers Association has conducted a third impact survey of their members to determine what has helped, what has hurt, and how breweries have seen their outlook change over the past month. The results were more positive than the BA’s second survey conducted back in early April which indicated that overall craft beer sales were down 25-30%.
In the most recent survey, more than 80% of breweries indicated that they have received a PPP loan and a majority of breweries are re-opening in states where they are able.
According to Bart Watson, economist with the BA, “in general, breweries are more optimistic than they were a month ago, but this varies widely by individual business circumstance. While a majority of breweries remain confident their business will survive 2020, between 15-20% are unsure or actively pessimistic.”