South Korea's industrial production probably weakened again in January: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-South Korea's industrial production probably declined in January, after the significant jump in December. Exports in January were relatively weak across the major sectors even after considering theimpact of lower oil prices on the oil and chemical products, and the industry data also suggests a contraction in auto production on a seasonally adjusted base.

-The anticipated rise in the year-on-year growth rate should come from the difference in working days caused bythe Lunar New Year holidays. Weak January activity data would lead to relatively soft Q1 GDP growth, which could support our base scenario of an additional 25bp BoK rate cut and further fiscal easing via a supplementary budget.