Activity in the middle market increased in September for the fourth month in a row, suggesting that dealmaking is rebounding from the slow first half of the year, according to the Mergers & Acquisitions’ M&A Conditions Index (MACI). The composite score for the MACI was 53.4, up slightly from 53.2 in August. Most index components demonstrated growth.

Leads for new deals hit 62.5, a high for the year. The component, which tracks the earliest stage of dealmaking activity, has been accelerating for eight months, indicating that the pipeline is full of potential new transactions.

Completed deals remained at 52.0, solidly in growth mode, suggesting that hurdles to closing transactions that stalled deal flow earlier in the year are eroding. Many dealmakers say that a level of uncertainty will be removed once the election is over, no matter who wins.

Read the full report here.