M&A activity in July 2018 continued the recent downward trend in number of deals across most sectors and mixed results as measured by deal volume by dollar value. The total number of deals decreased in the U.S. by 25.2% to 424 and globally by 12.5% to 2,368. However, deal volume by dollar value increased in the U.S. by 15.7% to $122.31 billion and remained flat globally.