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The
median forecast from a survey of 17 analysts showed exports were
seen likely to fall 10.0 percent in September from a year
earlier. This would be less severe than the 14.9 percent drop in
August, the worst fall in six years.
Imports were projected to slide a faster 18.1 percent in
September in annual terms, compared to a 18.3 percent fall in
August, the poll found.
"Uncertainty over the Federal Reserve's pending rate hike dented
investment in emerging market economies, likely erasing demand
for manufactured goods from South Korea while China's economy is
still sluggish," said Kim Doo-un, an economist at Hana Financial
Investment.
Exports would likely continue to struggle in October, Kim added,
but the decline would slow as year-end holiday demand from the
U.S. is expected to rise.
The Reuters poll showed separately industrial output likely fell
1.1 percent in August on-month in seasonally adjusted terms,
worse than a preliminary 0.5 percent decline.
Fewer working days in August and poor export performance that
month likely ate into factory output, poll respondents said.
September inflation, also due next week, was seen picking up to
0.9 percent from a 0.7 percent rise in August, but still far
below the bottom tier of the central bank's 2.5 to 3.5 percent
target range.
Industrial output and trade numbers will be released on Oct. 1
while inflation data will be announced on Oct. 2.
(Reporting by Yeawon Choi, Sohee Kim and Hooyeon Kim; Writing by
Christine Kim; Editing by Eric Meijer)
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