In the first five months of the year, the Italian factoring market surpassed €113bn in turnover, representing 14 per cent of the national GDP. This marks a 2.46 per cent increase compared to the same period last year (January-May 2023), as announced by Assifact - the Italian Factoring Association - during their Annual Assembly in Milan on June 26th. Notably, supply chain financing saw a significant rise of 4.02 per cent, reaching a turnover of €11.45bn.
