Herbert Auer of VB Factoring presents the latest analysis of the Austrian market
Market Performance and Supply In 1999 the performance of the Austrian factoring market was better than had been expected. Although the original estimate for growth in the market overall was approximately 5%, the eventual outcome resulted in a volume increase of 12%. Due to the volatility of exchange rates in relation to the US$ in recent years, the total factored volume in Austria in US$ seems to indicate irregular spurts of growth and shrinkage within the industry. However, when an average rate of exchange is calculated for each year, the result indicates steady growth in volume as measured in ATS.
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