Also from Factoring as a Financial Tool for Managing Seasonal Fluctuations in Trucking there are signs of recovery in the Italian economy. The projections for the closure of 2015 are in fact clearly positive and the expectations for 2016 are also favorable for a sector which it represents about 11% of the Italian GDP. The latest Forefact report, dated November 2015, reports the results of the survey conducted in October among the shareholders of Assifact, the Italian Association for Factoring which brings together the operators of a sector.
After the growth recorded by factoring activities in the first nine months of the year, with a cumulative business volume (turnover) 5,45% higher than the same period of the previous year, operators declared themselves optimistic both for projections as at 31 December 2015, and when forecasting for 2016. For the fourth quarter of the current year, Assifact associates expect a positive final balance both in terms of turnover (+4,56%) and outstanding, ie the volume of existing loans (+3,64%).
Prospects appear particularly favorable for next year as well: operators expect further growth of 4,42% for turnover and 2,45% for outstanding, confirming the sentiment of confidence that also on the disposal front of credits surrounds the Italian economy and businesses in this phase.
“In the 2015 preliminary balance – says Alessandro Carretta, Secretary General of Assifact and professor of Economics of financial intermediaries at the University of Rome Tor Vergata – it is confirmed as an important, and in some ways irreplaceable, management and financial support for the working capital of companies, which represents the main lever of economic recovery, even before investments and employment”.
“The Italian factoring industry, which ranks first on the European and world market – Carretta is keen to underline – is also aiming, as shown by the forecasts for 2016, at substantial development for the next few years, useful for diversifying the sources of financing of Italian companies; diversification that could be favored by a desirable reorganization of the rules on the transfer of receivables from the Public Administration and by a simplification of law 52 of 1991 on the purchase of business credits, aimed at giving greater certainty to operators”.
