Goodwill impairments decreased in 2016 for companies in the STOXX Europe 600 Index, according to the 2017 European Goodwill Impairment Study from Duff & Phelps. Goodwill impairments decreased by a quarter, from €37 billion in 2015 to €28 billion in 2016. The top three industries in 2016 with the highest decline in goodwill impairment amounts are (€ billions): financials and real estate (€14.3 to €7.9), utilities (€9.0 to €4.7), and industrials (€4.0 to €1.4). From a geographic perspective, the United Kingdom was the country with the highest aggregate amount of goodwill impairments in 2016, at €13.7 billion—almost double the 2015 level.