Corporate executives are much less bullish about the U.S. M&A market when forecasting for the coming year than they were about 2019, a Dykema Gossett survey finds.

A third of the 200 corporate executives who participated in Dykema Gossett’s 15th annual M&A Outlook Survey have a positive view about U.S. dealmaking over the next 12 months, compared with two-thirds who had a positive outlook in last year’s survey.