UK acquisition values fell during Q1 2012
ONS acquisition data for the first quarter of 2012 has been released.
Contract negotiation specialists could have realised a drop in customers during the first quarter of 2012, as official figures from the Office of National Statistics (ONS) have revealed the overall value of UK domestic, outward and inward acquisitions fell over this period when compared with the previous three months.
In the final quarter of 2011, UK businesses spent £12.6 billion acquiring firms abroad, but in the following quarter this figure was just £0.7 billion, the lowest level seen since the same period in 1987.
Foreign companies spent £3.9 billion buying British enterprises over the first three months of 2012, compared with the previous quarter's figure of £12.4 billion.
The domestic acquisition market suffered a similar weakening, with UK organisations spending £1.8 billion in the fourth quarter of 2011 buying other businesses within the country, but just £1.1 billion in the following three months.
Overall, the UK's economy was weak in this timeframe, with ONS data revealing a 0.3 per cent quarterly drop in the nation's gross domestic product.
Posted by David Gleck
Source: ONS press release, June 7th