In the first half of the year, business volume increased by 11.92% compared to last year; since 2008 the turnover has doubled thanks to an average annual growth of 7.1%.
Factoring is a constant and double-digit growth. In the first half of 2019, the total turnover increased by 11.92% compared to the first six months of the previous year. A positive sign also for outstanding receivables (+ 2.43%) and for advances and fees paid (+ 2.93%), according to data from Assifact, the association that brings together Italian operators in a sector that generates 14% of our country's GDP. "Factoring had double-digit growth while the national economy was stagnating” - says Alessandro Carretta, Secretary General of Assifact and professor of Economics of financial intermediaries at the University of Rome Tor Vergata.
