Overall middle market spending grew by three percent in the first quarter of 2021, compared with the first quarter of 2020. That’s the second consecutive quarter of positive growth since the pandemic began.
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.
Overall middle market spending grew by three percent in the first quarter of 2021, compared with the first quarter of 2020. That’s the second consecutive quarter of positive growth since the pandemic began.
Snapshot of middle market spending trends across five major industries.
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