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 in our AvidPay Network are increasing or decreasing their spending across various industries.
According to our AvidPay Network data, middle market spending climbed higher during January through March of this year than we’ve ever seen since we started collecting data in 2017. It rose to 21.4% above our 2017 benchmark in Q1 2022, a 3.8 % jump from the previous quarter and the largest quarter-over quarter increase since the previous record of 2.7% between Q2-Q3 2021.
Our snapshot of middle market spending trends across several major industries.
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