Total goodwill impairment recorded by European-listed companies in the STOXX® Europe 600 dropped 35%, to €18.5 billion, in 2017, according to the ‘2018 European Goodwill Impairment Study,’ from Duff & Phelps. Four out of the eight highlighted countries within the STOXX® Europe 600 saw a decline in the proportion of companies recording a goodwill impairment in 2017. Germany saw the largest increase, while Italy showed the largest decrease. The top three industries with the most significant drop in goodwill impairment amounts in 2017 in order of magnitude are (€ billions): financials and real estate (€8.1 to €3.4), telecommunication services (€7.0 to €2.4), and consumer discretionary (€5.0 to €0.9).