The UER failed to renew its PNL alliance before the July 1932 race, and was approached by the Zionist Lazar Margulies to negotiate a merger with the PER. The talks were inconclusive. Subsequently, the UER, absorbing into its ranks dissident Zionists from the PER's Bukovina chapter, caucused with the nationwide Traders' Council. The PER took 2.26% and 5 seats: Fischer and Landau were returned; Marton, Weissman, and Ebner won the other three seats. These elections, organized and won by the PNȚ government of Alexandru Vaida-Voevod, were noted as the least fraudulent of their time. From then on, the PER was the sole Jewish party in the Assembly, the UER having failed to win sufficient votes.