• Home
  • About Me
  • Teaching
  • Research
  • Blog
  • Get in Touch
  Figures and Forecasts by Eric Gaus

Figures and Forecasts

View my profile on LinkedIn

RSS Feed

Low Wine Production Forecast, Oh no!

10/25/2017

0 Comments

 
The International Organization of Vine and Wine has recently released projections of wine production in 2017. It does not look good. By their forecast wine production will fall approximately 8.2% in 2017. They blame this calamity on poor climate conditions in Europe, which saw the largest declines in production.

Do not despair or start loading up on wine too soon, these numbers are only preliminary estimates. Using the previous press releases I found that the revisions to the estimates tend to be positive. Initial estimates are revised upwards by about 2 percent on average, but they could increase by as much as 7 percent.

However, if the drop off in production is realized we can expect higher prices at the liquor stores over the next year, particularly for European wines. Based off the OIV press release, Argentinian wine might be the way to go since their production is estimated to have increased by 25 percent. 
0 Comments



Leave a Reply.

    Archives

    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017

    Categories

    All
    Airlines
    College
    Durable Goods
    Econometrics
    Elections
    Equities
    Euro
    Expectations
    Federal Funds Rate
    Galton
    Gdp Growth
    Gender
    Google Trends
    Housing
    Immagration
    Income
    Inflation
    Labor Market
    My Forecasts
    Nyse
    Options
    Payrolls
    Recession
    Taxes
    Unemployment
    Venture-capital
    Wages
    Wine
    WSJ Survey
    Yield Curves

    RSS Feed

LATEST UPDATE​: 9.7..2017

© COPYRIGHT 2017. ALL RIGHTS RESERVED.
  • Home
  • About Me
  • Teaching
  • Research
  • Blog
  • Get in Touch