New Jersey’s mergers-and-acquisitions market drooped in 2013, an indication that the rebound from the recession is still shaky.

The Law Journal‘s annual survey in conjunction with ThomsonReuters Financial valued the top 30 deals last year involving New Jersey-based targets or acquirers at $47.1 billion—a 7.2 percent decline from $50.8 billion in 2012 and the lowest total since 2010, when the top 30 deals added up to $14.8 billion.