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Value of out-of-home alcohol sales climbs 1.8% in 2016 – CGA Strategy reveals
11/04/2017 - 08:55
The value of alcohol sold out-of-home in Britain’s pubs, bars and restaurants rose by 1.8% in 2016, according to the latest figures from research and insights company CGA Strategy.
Written by Andrew McClean
The value of alcoholic drink sales climbed to £24.4 billion, around £428 million higher than in 2015, according to CGA’s Alcohol Sales Tracker.
Phil Tate chief executive of CGA Strategy, said: “Against a background of sketchy consumer confidence and economic uncertainty it is a solid performance, reflecting the strength and innovation of pub, bar and restaurant operators around the country and the continuing move towards more premium products. It shows that people are drinking less, but looking for better quality.”
CGA found that growth was high in the food-led sector of the market with value of sales up by 4.4%. Sales in the drinks-led sector rose by 0.6%. Sales in managed licensed trade was up by 3.3% in 2016.