Consumption almost back to normal post-Coronavirus Crisis

People in Denmark spent heavily on home improvement and online shopping, but cut down on travel expenses during the pandemic

Ayee Macaraig

Jun 25, 2020

People in Denmark closed their wallets as the Coronavirus Crisis shut down the country, but with society’s reopening came a return to normal for local consumption.

Card purchases and MobilePay transactions are now stabilising after falling 20 percent in March due to the pandemic, according to a senior analyst at Danske Bank.

“We are seeing a return to normal and it seems that all groups are increasing their consumption as the economy opens up again,” Louise Aggerstrøm Hansen told TV2.

Construction up but travel down
Among the patterns analysts have observed is a boom in construction spending – particularly among home improvement (DIY) customers, as many people stayed home and took the opportunity to work on projects and renovations. As a result sales increased by 60 percent during the crisis.

“We still have a high level of activity as summer is the peak season for home improvement markets,” said Mads Brejnholt Madsen, the sales director at hardware chain Stark.

Spending on travel however remains minimal because of uncertainty surrounding trips abroad.

Online shopping
Online shopping also surged, drawing an atypical market as elderly people began to take to purchasing items on the Internet.

In contrast, cash payments suffered a decline during the crisis.

Danish politicians will double life science exports in a few years

“Strategy for life science” is a policy agreement to support the pharmaceutical industry’s opportunities to double exports to DKK 350 billion towards 2030
Royal House unveils new portraits of King Frederik and Queen Mary

Ten months after Frederik went from crown prince to king, new civil portraits of the new royal couple have been taken.
“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.
Denmark’s green transition is world class – according to the global climate index

No country has an ambitious enough climate policy to be awarded first, second or third place in global climate policy. Denmark holds 4th-place ranking in the Climate Change Performance Index
“Now the biggest challenge is to retain internationals”, says Ferring

Mads Hougaard, senior HR director at the pharmaceutical company, explains that “it is also a challenge for society itself. I think collaboration between institutions, companies, and stakeholders could be beneficial.”
“How on earth do you learn all those lines?”

This is the question actors are often asked. Actors dread it because they always hope that their performance was what mattered most, not the mechanics of getting there

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

5 Dec: A guided tour of Christiansborg

Career

“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.
“Now the biggest challenge is to retain internationals”, says Ferring

Mads Hougaard, senior HR director at the pharmaceutical company, explains that “it is also a challenge for society itself. I think collaboration between institutions, companies, and stakeholders could be beneficial.”
Only 0.3% of people enrolled in the tax course are unemployed, Københavns Professionshøjskole says

According to a screening conducted by Københavns Professionshøjskole (KP) among its graduates, those with the highest chance of success in finding a job are tax specialists: after graduation, only 0.3% of people enrolled in the tax course are unemployed. Very close to them are the professionals who graduated in Midwifery (with 0.4% unemployment).

Want to advertise your job with CPH Post?

Jobs