Exports forecast at 13.0 yy in August vs 13.9 in July
IT demand growing fast, China recovery speeding up economists
Inflation seen reaching central bank39;s target at 2

SEOUL, Aug 29 Reuters South Korea39;s exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on Thursday, with economists noting rising momentum in Chinese demand.

Consumer inflation, meanwhile, is expected to come down to the central bank39;s mediumterm target of 2 for the first time in almost 312 years, the survey also showed.

Exports in August from Asia39;s fourthlargest economy are forecast to have risen 13.0 from a year earlier, according to the median estimate of 16 economists in the survey conducted Aug. 2328.

That would be just a bit smaller than an annual rise of 13.9 in the previous month, which was the strongest since January. The figure suggests demand for South Korean goods remains robust, economists said, citing base effects.

South Korea is the first major exporting economy to report monthly trade figures each month, providing an early glimpse into the state of global demand.

Its exports have been growing since October 2023, led by semiconductors and U.S. shipments on demand related to artificial intelligence.

Exports of IT products, including semiconductors and computer parts, are continuing to grow at a fast speed, while car sales are also seen swinging back to growth, said Stephen Lee, economist at Meritz Securities.

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