The third quarter of 2023 brought the expected but long-unseen decline in turnover to the factoring industry, as reported by the Polish Factors Association (PFZ).
In nine months of this year, companies associated with PFZ purchased receivables for a total amount of PLN 334.1bn (€76. 5bn). That's 3.3 per cent. less than a year ago, when they recorded a turnover of PLN 345.6bn.
