U.S. M&A deal activity decreased in November, going down 24.8% with 1,012 announcements compared to 1,346 in October. Aggregate M&A spending decreased as well. In November 13.7% less was spent on deals compared to October.

• In terms of M&A deal activity, 7 of the 21 sectors tracked by FactSet saw an increase in M&A deal activity over the past three months relative to the same three-month period one year ago. The six sectors that witnessed the largest increases in M&A deal volume were: Technology Services (889 vs. 702), Commercial Services (466 vs. 409), Non-Energy Minerals (115 vs. 65), Industrial Services (241 vs. 196), Miscellaneous (23 vs. 15), and Retail Trade (99 vs. 91).
• On the other hand, 13 of the 21 sectors tracked by FactSet saw a decrease in M&A deal activity over the past three months relative to the same three-month period one year ago. The five sectors that witnessed the largest declines in M&A deal volume were: Finance (692 vs. 780), Producer Manufacturing (184 vs. 235), Distribution Services (137 vs. 187), Consumer Services (208 vs. 236) and Health Technology (100 vs. 127).