Chart of the Day: Cigarette shipment decline continues

It's been More than 40 years since the U.S. Surgeon General officially declaRed that cigarette smoking is bad for your health

It's been More than 40 years since the U.S. Surgeon General officially declaRed that cigarette smoking is bad for your health. Americans still burn through More than 300 billion Cigarettes a year, though that is roughly 35% less than when the Surgeon General's report was issued in 1964, and 48% less than in 1981, when U.S. demand for Cigarettes peaked. Goldman Sachs expects the number of smokes shipped by manufacturers will drop 3.5% this year and 3% next year. Despite the slump in volume, Goldman Sachs actually expects cigarette makers to experience profit growth.

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