According to the latest figures, the European factoring industry experienced continuous growth in 2023, but at a slower rate compared to previous years. The total factoring turnover for European countries reached €2,44bn, with a year-on-year growth rate of 2.1 per cent. While this growth rate is among the lowest recorded by the EUF since data collection began, it is a sign of a stabilization in the factoring growth trend after several years of double-digit growth rates. But compound average growth rate of European factoring turnover calculated for last 6 years was at high level of 7.2 per cent. These figures unequivocally demonstrate the thriving state of the European factoring industry and its potential for continued growth in the future.
