Oreninc Index Rebounds to Modest Levels
The Oreninc Index returned to modest levels for the week ending June 12, 2014. After last week’s dramatic fall, the Index has returned to the relatively optimistic numbers we had seen in previous weeks. Total dollars announced rose to $157.8m, a three-week high. Seven brokered and bought deals were announced for $77.9m, five-week highs. The most impressive statistic of the week was an average deal size of $5.63m, a 14-week high. This continues the ongoing narrative that spring 2014 has had more activity than 2013, and gives us hope of an uptick. The next few weeks will be telling as we head into the summer solstice and the official start of summer.
