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Factoring accelerates: +6,17% in August

Existing credits and advances disbursed are also sharply increasing, along with the overall business volume – The positive forecast for the end of 2016 has been confirmed: +3,24%.

Factoring accelerates: +6,17% in August

Strong acceleration of factoring: in August the cumulative turnover of the Italian factoring market exceeded 120 billion euros, with an increase of 6,17% compared to the same month in 2015.

According to the data released by Assifact, the Italian Factoring Association which brings together the major operators in the sector, the amount of outstanding credits is also growing sharply (+6,01%), as are the advances disbursed, which show an increase even more substantial: +8,35%.

The latest Forefact survey conducted in July by Assifact among associated operators confirms the positive forecasts for the end of 2016: at the end of the year factoring business volume should register a growth of 3,24%.

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