FX.co ★ Swedish Industrial Inventories Rise Sharply in Q1

Industrial inventories in Sweden rose by SEK 11.67 billion in the first quarter of 2026, reversing a revised SEK 5.02 billion decline in the previous quarter. This was the largest increase since records began in 2021 and was driven primarily by a sharp buildup of stocks in the manufacturing sector, where inventories expanded by SEK 11.66 billion after a SEK 4.32 billion decrease in the prior period. Within manufacturing, the biggest increases were recorded in the production of chemicals, chemical products and pharmaceutical products (up SEK 2.94 billion), motor vehicles, trailers and semi-trailers (up SEK 2.77 billion), electrical equipment (up SEK 1.66 billion), and fabricated metal products, excluding machinery and equipment (up SEK 1.04 billion). Inventories in the mining sector also edged up by SEK 0.01 billion, following a SEK 0.7 billion decline.