According to the latest data reported as part of the FTC and DOJ Premerger Notification Program, there were 3,259 HSR transactions in FY 2022 (October 2021 through September 2022). In comparison, there have been 1,740 transactions so far in FY 2023 (October 2022 through September 2023), with one month remaining. This represents a 46.6% decrease in deal volume year-over-year so far. In FY 2022, there was an average of 271 HSR transactions per month. So far, in FY 2023, the monthly average has dropped to 158 transactions.
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