An analysis of company reports shows that the performance of FTSE 250 companies reflects an economic recovery in the UK. The report has been produced from research carried out by The Share Centre.
This is despite sluggish figures for a broader range of companies.Sales rose 4.5% for companies in the FTSE 250 within a year until the end of June. Meanwhile however the FTSE 100, which is less tied to the UK economy, saw a fall in sales of 3.2%.
FTSE 250 is made up of mid cap firms, which are more reliant on the domestic economy, and is therefore a better indicator for growth than FTSE 100 companies. The profits post-tax were however roughly flat, but this is still an improvement on recent declines.