Productive capital operating times increased sharply in 2017 – findings of the Banque de France survey

La durée d’utilisation des équipements progresse fortement en 2017 – Résultats de l’enquête menée par la Banque de France

Valérie Chouard, Laurent Baudry, Agnès Minier, Roxanne Tabouret and Sylvie Tarrieu

Bulletin de la Banque de France, 2018, issue 216, No 1

Abstract: Productive capital operating times (COT) grew more in 2017 than in the previous year (up 3.7%, compared with a 1.6% increase in 2016), particularly in the transport equipment sector. The average increase in COT observed in 2017 highlights the constraints faced by businesses trying to expand their activity. For example, more than 40% of businesses stated that certain obstacles prevented them from extending COT, the most important of which was the shortage of skilled labour. Lastly, the extra depreciation allowance for tax purposes – the 2017 COT survey focus – led to more than 21% of businesses making capital investments sooner than originally planned following its introduction in 2015. Almost 12% of businesses surveyed say that they had been encouraged to increase their investments, with the increase in the value of investments amounting to around 18% following this French government measure.

JEL-codes: D21 D24 J21 J23 (search for similar items in EconPapers)
Date: 2018
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