Retail sales increased 7.5% in June, beating economists' expectations

Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday.

The increase comes on the heels of sales skyrocketing by 18% in May as states began to reopen their economies. 

May’s increase came on the heels of retail sales contracting by a record 14.7% in April and 8.3% in March.

Economists projected that retail sales would increase 5.2% for June.