Total goodwill impairment recorded by European-listed companies in the STOXX® Europe 600 increased for a second consecutive year, rising 18%, to €36.4 billion (bn) in 2019, as fears of a slowdown in global growth persisted, according to the “2020 European Goodwill Impairment Study,” from Duff & Phelps. The United Kingdom had the highest aggregate amount of goodwill impairment in 2019. Overall, the top three industries with the most significant increase in goodwill impairment amounts in 2019 are (in order of magnitude): financials and real estate, consumer staples, and energy.