Swedish Industrial Inventories Rebound to 1-Year High

Industrial inventories in Sweden rose by SEK 3.46 billion in the third quarter of 2025, from an upwardly revised SEK 2.33 billion in the previous quarter. Stocks held by miners increased by SEK 0.82 billion, rebounding from a SEK 0.49 billion decline in the second quarter. Meanwhile, inventories among manufacturers fell by SEK 2.65 billion, compared with a drop of SEK 2.82 billion in the previous quarter, driven by lower stocks in most sub-components, particularly paper and paper products, electrical equipment, and motor vehicles, trailers and semi-trailers.

Industrial inventories in Sweden rose by SEK 1.96 billion in the second quarter of 2025, following a downwardly revised SEK 6.68 billion increase in the previous quarter. Inventories at manufacturers grew by SEK 2.46 billion, following a SEK 7.33 billion rise in the first quarter, while stocks at miners fell by SEK 0.50 billion, after a SEK 0.66 billion drop.

Industrial inventories in Sweden increased by SEK 8.71 billion in the first quarter of 2025, rebounding from an upwardly revised SEK 5.48 billion decline in the previous three-month period. This marked the largest increase since the first quarter of 2024, as inventories at manufacturers recovered to SEK 9.32 billion from a SEK 5.94 billion fall in the preceding quarter. Meanwhile, stocks at miners declined to SEK 0.62 billion following a rise of SEK 0.46 billion.