PwC Consumer Markets M&A Deals newsletter May 2023
06/06/23
Transactions that move the retail, consumer and leisure industries
The eurozone economy returned to growth in Q1 with an expansion of 0.1% quarter-on-quarter after zero growth in the final three months of 2022. Spain and Italy’s economies have been the main drivers. The drop in bond yields seen in March as markets reacted to banking sector stress, did not continue in April, with yields beginning to increase once more. Stock markets will no doubt respond to further near-term rate hikes from the Federal Reserve, Bank of England and the European Central Bank – as well as to developments around the US debt ceiling. Though, overall M&A activity is picking up.
Read more in the May edition of our newsletter.
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