Significant growth of the Italian factoring market in the first ten months of 2016. The data provided by Assifact, the association that brings together operators in a sector that represents almost 12% of GDP, confirm the decisive role of factoring in financial support for businesses and for the return to positive trend of the Italian economy.
The total business volume (turnover) in the first ten months of 2016 in fact recorded a +7,81% compared to the same period of the previous year, with percentage increases that also rise for outstanding loans (+5,17%) and for advances and fees paid (+5,20%).
The forecasts of Assifact associates confirm, for 2016 and 2017, an expectation of positive average growth in the factoring market both in terms of turnover and outstanding. In particular, the Associates estimate a growth in turnover of 2016% for 5,58 and 2017% for 3,73.
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