Amid high uncertainty over the direction of the global economy, the fourth quarter of 2012 realized a slowdown in industrial manufacturing deal-making activity, according to the latest addition of Assembling Value, PwC's analysis of mergers and acquisitions in the global industrial manufacturing industry. The M&A market was overshadowed by a variety of factors that made investors uneasy about making long-term commitments to capital expenditures and hiring. Eurozone leaders continued their negotiations on the policies and proposed solutions to the sovereign debt crisis; and although China seemed to avoid a hard landing, the risks of property meltdown and subdued exports remained.
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