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Steep drop in number of deals in the East of England

PUBLISHED: 09:26 19 July 2018 | UPDATED: 10:30 19 July 2018

Closeup of business people shaking hands over a deal

Closeup of business people shaking hands over a deal

Archant

The value of deals struck in the East of England in the first half of 2018 has suffered a steep drop, according to new data released by Experian.

During the period 249 transactions were reported in the region, a fall of 23 per cent on the first half of 2017.

Values fell significant by 75 per cent to £3.5bn from the £14.1bn announced 12 months ago.

Manufacturing was the most active sector in the East of England, with 69 deals announced – more than a quarter of all transactions in the patch.

Professional services accounted for 68 deals while wholesale and retail reported 32 transactions.

Nationally, deal numbers topped 3,000 in the first half of the year while a spate of high-value transactions drove the value of deals up by 37 per cent to £214bn – the highest since 2007.

The East of England contributed 7.6 per cent of the total number of transactions and 1.7 per cent to total value.

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