Total inventories in Swedish industry declined by 4.9 billion in the third quarter of 2018, following a SEK 2.9 billion rise in the previous period. It is the steepest decrease in industrial inventories since the fourth quarter of 2016. In the manufacturing industry, the change in total inventories was negative in a majority of the subsectors. Inventories decreased the most in the industry for coke and refined petroleum products, by SEK 2.3 billion. The largest increase in inventories, SEK 0.3 billion, was in industry for basic pharmaceutical products and pharmaceutical preparations. Business Inventories in Sweden averaged -527.85 SEK Million from 2008 until 2018, reaching an all time high of 18820.86 SEK Million in the first quarter of 2011 and a record low of -15697.46 SEK Million in the fourth quarter of 2008.