Reformatted:
- Retail sales skyrocketing by 18% in May as states began to reopen their economies.
- Economists projected that retail sales would increase 5.2% for June.
- Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday.
- retail and food services sales for June were $524.3 billion, which is not only a 7.5% increase over last month, but also a 1.1% increase in sales when compared to June 2019.
- Non-store retailers, such as Amazon, had sales that were up 23.5% from June 2019.
- Still, total sales from April to June were down 8.1% from the same period a year ago.
(H/T: Washington Examiner)
