Steep drop in number of deals in the East of England

Closeup of business people shaking hands over a deal

Closeup of business people shaking hands over a deal - Credit: Getty Images/iStockphoto

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.

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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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