In January-December 2004, Ukraine's industrial production grew by 12.5% compared to January-December 2003. This was reported by the State Statistics Committee, informs "Ukrainian News". \n \nAs reported, in January-November Ukraine's industrial production grew by 13.4% compared to the corresponding period of 2003. \n \nIn 2003, industrial production grew by 15.8% compared to 2002 – to 220,605.1 million hryvnias. \n \nThe Ministry of Economy had previously forecast industrial production growth in 2004 at the level of 14%; in December, the Ministry of Economy worsened the forecast to 13.3%. \n \nThe Ministry of Economy forecasts industrial production growth at the level of 8-9% in the first quarter of 2005.