Grant Thornton said it is seeing signs of an improvement in business confidence, based on the results of a quarterly survey it has been conducting with BusinessWeek.

The firm's Business Optimism Index rose slightly, the first increase since summer 2007, but the index is still at its second-lowest level since 2002. The quarterly confidence measure of U.S. business leaders has risen slightly from 54.9 in November to 56.3 at the end of February.

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