Business Spending REport


See where middle market companies are increasing or decreasing their spending in this state of the industry snapshot from data captured through the AvidPay Network.

Middle market businesses provide more than just a small snapshot into the larger economic market. These companies represent one-third of private sector GDP and employ approximately 48 million people.

In this state of the industry snapshot, we reveal how middle market companies are increasing or decreasing their spending across various industries.

After analyzing millions of payments made across the AvidPay Network during the second quarter of 2021, we found the middle market experienced its largest quarterly surge in spending since AvidXchange started tracking its middle market spending index in the fourth quarter of 2017.

Since that period four years ago, overall middle market spending has risen 12.4 percent. That’s up from 10.3 percent in this year’s first quarter for a 2.1 percentage point jump.

The largest previous increase happened in Q1 2018 when spending grew by 2.0 percentage points.

Download the full report for extensive insight.

REPORT: Middle Market Spending Trends

Snapshot of middle market spending trends across five major industries.

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  • Valuable insights gleaned from our AvidPay Network
  • How and where middle companies are increasing or decreasing their spending
  • Innovative perspectives and a more comprehensive understanding of the latest spending trends

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