World Factoring Yearbook 2024 reports mixed fortunes for Europe’s factoring volume in 2023

Europe’s factoring volumes in 2023 were disappointing for many countries, with growth of only two or three per cent or even less in nearly half the 18 countries profiled. On the other hand these results are way ahead of GDP growth in the EU and the Eurozone in 2023, which was 0.3 per cent in both areas according to the European Commission. Seven countries recorded an increase in factoring volume of between four per cent and 11 per cent despite the overall economic conditions. Two countries, Georgia and Denmark reported a sharp fall in factoring volume. So the overall picture of Europe’s factoring market in 2023 is a mixed one.

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