Business is booming for U.S brewers. Roughly a third of beer sales in the U.S. take place between Memorial Day and Labor Day, often making or breaking the year, according to the Wall Street Journal.
The U.S is producing more beer than ever before. The number of breweries in the United States more than doubled between 2007 and 2012, the Census Bureau found.
In terms of shipments, the beer was a $28 billion industry in 2012, up more than 33% since 2007.
With the increased output, sales of distilled liquor by beer, wine and distilled alcoholic beverage merchant wholesalers increased nearly 30% in that five year span. Wholesalers reported $78 billion in sales. By comparison beer and ale merchant wholesalers reported sales of $57.7 billion in 2012.
Sales of craft beer also surged nearly 20% last year, and upstart brewers are expanding their capacity as well.
As the nation’s jobs picture improves, an economic study jointly commissioned by the Beer Institute and the National Beer Wholesalers Association in 2012, found U.S. brewers and beer importers support an industry that puts more than 2 million Americans to work.
Overall, beer contributed $246.6 billion to America’s economy and generated $49 billion in local, state and federal taxes, the Institute said.