Business Insider reports that US retail sales in September increased by nearly 2%, landing above the average economist estimate of 0.8%. <br />This is the fifth straight month of improvement, as the economy continues to reaccelerate after covid caused slowing through the summer.<br />Consumer spending makes up 70% of the U.S. economy.<br />Retail spending is among the economic indicators being closely watched to signal economic recovery health. <br />But, September's initial leap is now slowing to a crawl. <br />As fiscal relief programs expired and direct payments dried up, the pace of retail spending growth has slowed.
