Drop in industrial stocks

Industrial stocks decreased by SEK 1.3 billion during the second quarter compared to the previous quarter, which corresponds to a decrease of 0.7 percent in volume. When compared to the second quarter of 2011 the level of stocks decreased by 0.5 percent.

After an increase during the first quarter of 2012, industrial stocks once more decreased. The development compared to the previous quarter is the smallest in absolute terms in nearly two years. The level of stocks of input goods contributed to the negative development with a decrease of SEK 2.4 billion. Finished goods and products in processing increased by 1.1 billion.

The petroleum industry had the largest downturn in stocks with a decrease of SEK 0.7 billion compared with the previous quarter. The pulp and paper industry and the industry for other transport equipment also showed large negative development. The level of stocks in the industry for basic metals increased the most with a positive development of SEK 0.4 billion.

The figures for the second quarter are preliminary. Since the previous publication the development in the total industry stocks for the first quarter 2012 has been revised upwards by more than SEK 0.2 billion to an increase of 3.0 billion.

Changes in the total industrial stock (2005 prices)

		Total changes in inventories
NACE Rev 2	INDUSTRY TITLE	Q2 2012	Q2 2012/ Q1 2012	Q1 2012	Q2 2011	Q2 2012/ Q2 2011
		Million SEK	Pct	Million SEK	Million SEK	Pct
B+C	Mines and quarries and manufacturing industry	-1 298.3	-0.7	2 959.8	3 230.1	-0.5
-	Intermediate goods industry	262.6	0.4	-1 530.9	258.6	-0.3
-	Energy excl. NACE section D	-677.7	-8.2	226.8	-1 308.2	7.7
-	Capital goods industry	-704.3	-0.9	4 118.2	2 090.9	-1.0
-	Non-durable consumer goods industry	-211.4	-0.7	169.6	2 208.3	-1.1
-	Durable consumer goods industry	32.5	0.9	-23.8	-19.4	-4.7
B	Mines and quarries	32.6	2.7	74.0	-352.1	42.0
C	Manufacturing industry	-1 330.9	-0.7	2 885.9	3 582.2	-0.7
10-12	Food product, beverage and tobacco industry	57.4	0.5	331.8	451.9	8.9
13-15	Industry for textile and leather products	-16.8	-1.9	-19.0	-46.7	2.6
16	Industry for wood and wood products	-128.2	-1.7	156.0	-704.4	-0.2
17	Industry for pulp, paper and paper products	-543.5	-4.4	113.5	187.6	-6.7
18	Industry for printing and reproduction of recorded media	21.9	3.9	8.9	-47.5	20.8
19	Industry for coke and refined petroleum products	-677.7	-8.2	226.8	-1 308.2	7.7
20	Industry for chemicals	148.9	2.0	-232.1	-320.2	6.2
21	Industry for basic pharmaceutical products and pharmaceutical preparations	-157.4	-1.1	-248.9	1 925.1	-7.8
22	Industry for rubber and plastic products	-13.6	-0.3	44.2	-42.1	-3.7
23	Industry for other non-metallic mineral products	-121.5	-2.5	404.4	-68.7	7.3
24	Industry för basic metals	415.9	2.5	-2 204.8	900.3	-6.3
25	Industry for manufacture of fabricated metal products, except machinery and equipment	35.9	0.3	481.4	33.5	13.7
26	Industry for computer, electronic and optical products	153.9	0.7	641.1	2 197.1	0.0
27	Industry for manufacture of electrical equipment	341.0	5.6	-138.3	479.7	-5.6
28	Industry for machinery and equipment n.e.c.	-458.7	-1.5	1 879.0	739.2	1.4
29	Industry for motor vehicles	108.1	0.7	686.7	-47.1	-3.3
30	Industry for other transport equipment	-531.5	-7.2	800.6	-898.8	-14.4
31-33	Industry for other manufacturing, repair and installation of machinery amd equipment	35.1	0.7	-45.2	151.5	-2.0

Definitions and explanations

The total industry stock is defined as the sum of stocks of input goods, stocks of products in processing, finished goods of own manufacturing and finished goods of foreign manufacturing. Total industry refers to division B+C according to NACE Rev.2.

All reported changes are derived from stocks of inventories at the end of the quarter valued at the price level of 2005, which means in constant prices unless otherwise mentioned, and do not refer to calendar day and seasonal adjusted data. The percentage changes are also derived from stocks of inventories in fixed prices and reported compared to previous quarter and the same quarter previous year. Revisions normally occur within the sample year, which starts from the fourth quarter previous year and ahead. However, in conjunction with the publication of quarters 1 and 2 the entire previous sample year is subject to revisions. The uncertainty is normally higher at the first publication of the second quarter due to lower response rates during the summer.