After a robust first half of the year, dealmaking in July continued to expand, but the pace of growth slowed, and completed deals fell sharply, according to Mergers & Acquisitions’ M&A Conditions Index (MACI). The MACI composite score dropped to 51.4 in July, down from 54.5 in June and 55.8 in May.

Completed deals dropped nearly 7 points to 43.3, the lowest point since we began our monthly surveys in the fall of 2013. The dip may be attributable to the fact that July is the first month of the second half of the year. Like January, July often produces lower levels of completed deals. In 2016, for example, the completed deals component of MACI fell significantly in July, when it hit 45.8, down from 50.6 the previous month.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.