M&A activity in September 2018 was mixed compared to August levels, but generally reflected an overall continuing downward trend starting in April of this year.  Deal volume by dollar value decreased in the U.S. by 44.5 percent to $77.06 billion and globally by 16.1 percent to $238.25 billion.  While the number of deals increased in the U.S. by 2.0 percent to 357 (the second lowest level since the beginning of this publication in 2012), the number of deals decreased globally by 1.5 percent to 2,195.