31.   Other analysts, however, said that a detailed study of the first quarter economic figures painted a less reassuring picture.

32.   The CSO said the third quarter GDP figures were revised downwards because of upward revisions to previous output figures.

33.   The institute attributed the first quarter growth figure to a slowdown in domestic demand despite an improvement in foreign demand for Spanish goods and services.

34.   The market was also awaiting a second estimate of US first quarter growth figures, though economists said it was unlikely to affect the currency market significantly.

35.   The market is awaiting other key indicators, particularly first quarter growth figures due out Wednesday and unemployment numbers out Friday.