* Oct exports -4.0% y/y, imports -2.1% y/y - poll
* Sept industrial output +3.0% s/adj m/m vs -0.7% in Aug -
* Oct CPI +0.7% y/y vs +1.0% in Sept - poll
* Trade data Nov. 1, 9 a.m.
SEOUL, Oct 29 (Reuters) - South Korea's exports likely fell
in October on an annual basis as businesses worked two days less
this month due to the Chuseok holiday, a Reuters poll showed on
Thursday, while resurging coronavirus cases abroad overshadowed
Outbound shipments likely fell 4.0% this month from a year
earlier, the poll showed, as the three-day holiday fell in early
October this year. Exports surged 7.6% in September - the first
year-on-year rise in seven months.
Average daily exports, however, were expected to grow for
the first time in nine months, adding to recent signs that
Asia's fourth largest economy is seeing a moderate recovery.
"South Korea's exports will fall back to negative territory
again due to fewer working days, but the average per-day exports
may post growth, indicating resilient exports recovery," said
Chun Kyu-yeon, economist at Hana Financial Investment.
South Korea's economy returned to growth in the third
quarter after seeing its sharpest contraction in more than a
decade, thanks to fiscal stimulus and a gradual recovery in
Economists are now worried surging coronavirus cases
globally and fresh lockdowns in Europe may hurt overseas demand
for South Korean exports.
"Exports and industrial production will continue to face
external headwinds amid the pandemic and U.S.-China tensions,
though China's economic upturn could help to lend some support,"
said Lloyd Chan, economist at Oxford Economics.
According to the poll, 15 economists expected industrial
output to have grown 3.0% month-on-month on a seasonally
adjusted basis in September after falling 0.7% in August.
Thirteen economists in the poll expected consumer prices to
have risen a median 0.7% in October from a year earlier, slower
than the previous month's 1.0% rise.
(Reporting by Joori Roh; Editing by Ana Nicolaci da Costa)