SAO PAULO (Reuters) -Retail sales volumes in Brazil rose 0.2% in August from July, data from government statistics agency IBGE showed on Wednesday.

The result was in line with analysts’ expectations and broke a streak of four consecutive monthly declines, despite the backdrop of tight monetary policy.

Five out of eight sectors had positive readings in August, with office equipment and supplies, IT, and communications marking the biggest variation influenced by the strengthening of the Brazilian real against the U.S. dollar, IBGE said.

Pantheon Macroeconomics’ chief Latin America economist Andres Abadia said the August figures reflected a mild recovery under pressure from high borrowing costs.

“Broad retail has shown occasional resilience, but overall activity has lost traction after mo

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