:SWEDEN: Business inventories decreased in the second quarter of 2023 – Statistics Sweden

Swedish business inventories decreased by SEK 4.2 billion in constant prices in the second quarter. This development corresponds to a decrease of 0.7 percent in volume.

Total inventories in industry increased by SEK 5.9 billion in the second quarter, which corresponds to an increase of 2.1 percent in volume. Inventories in trade decreased by SEK 10.1 billion in the second quarter, which corresponds to a decrease of 3.3 percent in volume.

Industrial inventories increased

Inventories of raw materials and consumables increased by SEK 5.9 billion and inventories of products in progress, finished goods and goods for resale remained unchanged. This means that total inventories in industry increased by SEK 5.9 billion in the second quarter.

Trade inventories decreased

Inventories in trade decreased by SEK 10.1 billion in the second quarter. The largest decrease was noted in inventories in retail trade, excluding motor vehicles, in which inventories decreased by SEK 6.6 billion. Inventories in wholesale trade, excluding motor vehicles and motorcycles decreased by SEK 4.4 billion, while inventories in wholesale and retail trade and repair of motor vehicles and motorcycles increased by SEK 0.9 billion.

Revisions

The figures for the second quarter 2023 are preliminary. Since the previous publication, the development in total industrial inventories in the first quarter 2023 has been revised upwards by SEK 1.3 billion to an increase of SEK 12.2 billion. Total trade inventories in the first quarter 2023 have been revised upwards by SEK 1.8 billion to an increase of SEK 7.3 billion.

Business inventories, Q2 2023
NACE Rev 2INDUSTRY TITLEChanges in total business inventories (2010 prices)
Q2 2023Q1 2023Q2 2022
Million SEKMillion SEKMillion SEK
B+C+GMines and quarries, manufacturing industry and wholesale and retail trade‑4 188.919 439.57 720.6
B+CMines and quarries and manufacturing industry5 913.412 182.44 193.2
Intermediate goods industry912.12 267.6‑1 610.8
Energy excl. NACE section D......
Capital goods industry67.83 919.06 395.6
Non-durable consumer goods industry1 833.96 110.4118.7
Durable consumer goods industry......
BMines and quarries545.2‑237.5‑544.4
CManufacturing industry5 368.212 419.94 737.6
10-12Food product, beverage and tobacco industry‑517.4‑281.0‑1 169.1
13-15Industry for textile and leather products‑73.350.732.4
16Industry for wood and wood products‑752.9‑240.3‑930.7
17Industry for pulp, paper and paper products238.3274.0‑156.0
18Industry for printing and reproduction of recorded media‑25.0‑37.79.6
19Industry for coke and refined petroleum products......
20Industry for chemicals‑426.2436.2‑829.4
21Industry for basic pharmaceutical products and pharmaceutical preparations......
22Industry for rubber and plastic products55.616.8‑136.9
23Industry for other non-metallic mineral products‑17.2326.0‑23.5
24Industry for basic metals1 070.3379.2631.2
25Industry for manufacture of fabricated metal products, except machinery and equipment177.8704.1‑43.9
26Industry for computer, electronic and optical products‑621.81 022.81 140.4
27Industry for manufacture of electrical equipment‑54.51 237.2586.8
28Industry for machinery and equipment n.e.c.924.6‑361.12 408.3
29Industry for motor vehicles407.22 225.82 502.0
30Industry for other transport equipment‑694.5373.0344.3
31-33Industry for other manufacturing, repair and installation of machinery and equipment330.8106.1198.6
GWholesale and retail trade‑10 102.47 257.13 527.4
45Wholesale and retail trade and repair of motor vehicles and motorcycles867.13 407.4‑478.4
46Wholesale trade, except of motor vehicles and motorcycles‑4 395.92 142.34 748.3
47Retail trade, except of motor vehicles and motorcycles‑6 573.61 707.5‑742.5

Definitions and explanations

All numbers are rounded to one decimal. Totals are calculated before rounding.