Measurement error This leads me back to the issue of measurement. Output and productivity in the services sector is more difficult to measure than it is for the goods sector.
Conclusion In conclusion, the health of the U.S. economy depends importantly on the vitality of the small business sector, and continued access to credit on competitive terms is necessary for that vitality. On balance, since last fall credit supply conditions have almost surely tightened for the vast majority of small businesses. Credit appears to be generally available, but at a higher cost.