Debtor finance market flat

John Kavanagh
The debtor finance market maintained its flat trajectory in the September quarter, with invoice discounting and factoring turnover up a little on the previous quarter but down on the previous corresponding period.

The Debtor and Invoice Finance Association reported that the sector turnover for the September quarter was A$15.5 billion, compared with $14.8 billion in the June quarter.

Turnover in the September quarter was down on the same period last year, when the sector recorded turnover of $16.5 billion.

Client numbers rose from 4499 in the June quarter to 4523 in the September quarter.