FX.co ★ Swedish Industrial Inventories Fall the Most Since 2021

Industrial inventories in Sweden fell by SEK 5.73 billion in the fourth quarter of 2025, a sharp reversal from the downwardly revised increase of SEK 2.75 billion recorded in the previous quarter and the largest decline since the second quarter of 2021. Manufacturer inventories dropped markedly by SEK 5.03 billion, after a SEK 1.97 billion rise in the third quarter, with notable reductions in stocks of food, beverages and tobacco products; basic metals and fabricated metal products (excluding machinery and equipment); electrical equipment; and other transport equipment. Meanwhile, inventories held by mining companies decreased by SEK 0.70 billion, following an increase of SEK 0.78 billion in the preceding quarter.