Deal activity in the R&C sector declined from recent highs in Q2; however, the overall trend remains positive to the prior year.
Consumer sentiment is improving, reflecting slight progress in household financial considerations, contributing to positive underlying business performance. R&C companies continue to divest or spin off non-core operations and low growth businesses as they focus on core operations or more profitable segments to drive overall business growth. Outbound cross border activity has been a significant factor this year as US companies continue to seek an increased footprint or access to higher growth markets.