The Institute for Factors and Discounters of Australia and New Zealand have published the industry statistics for quarter 1 2003.
AUSTRALIAN MARKET
Total factoring and discounting turnover in the March 2003 quarter was $4.9 billion, an increase of $1,244 million (34%) on the same quarter last year, with factoring turnover of $731 million (up 15%) and discounting of $4,141 million (up 38%). In terms of state and territory share of turnover, NSW and ACT accounted for 29%, Victoria 41%, Queensland 16%, SA and NT 7%, WA 7% and Tasmania 0.1%.
Australia Factoring & Discounting ProfileĀ |