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Confidence at U.S. Small Companies Climbs to Three-Year High

Confidence among U.S. small companies rose in February to the highest level in three years as hiring and sales expectations increased, a survey showed.

The National Federation of Independent Business’s optimism index climbed to 94.5, the highest since the recession began in December 2007, the Washington-based group said today in a statement. The reading compares with the average 100.7 during the previous expansion that started in November 2001.