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Key Business Leaders Say US Economy Bouncing Back

Construction workers build a commercial complex in Springfield, Illinois, in this July 17, 2014 photo.

A survey of key U.S. business leaders finds sales and employment grew in April, May and June, after the economy faltered at the beginning of the year.

The National Association for Business Economics is made up of economic experts who work in companies across the nation.

Most respondents said sales were growing during the second quarter and an increasing number said employment also was expanding.

Survey analyst Ken Simonson said his fellow economists think the overall economic outlook is improving.

At the same time, profit margins grew at fewer firms and costs for wages and price increases were more widespread than in previous quarterly studies.