March 2023
Chart:
Summary:
The AVP Pulse Index this month dropped 1.2% month-over-month, while increasing 2.4% year-over-year. The proprietary AVP Pulse Index – a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products – illustrates the health of the industry in one single trend line, using relevant data that is updated monthly or quarterly.
“Last quarter, I indicated a remarkable upward trajectory in our Index since its bottom in the spring of 2020, during the height of the COVID lockdown. Since then, it has been on a march upward in a very steady fashion, but I cautioned then that there was a trend towards a flattening of the index line,” stated Pierre Villere of Allen-Villere partners. “My view remains: when interest rates stabilize and inflation is tamed, possibly late in 2024, get ready for another broad economic expansion, and the boom times it will bring.”