In Q1 2024, activity in the United Kingdom regained some vigour (+0.7%), after seven quarters of stagnating or shrinking GDP (including two consecutive quarters of decline in activity in H2 2023). Growth was driven by dynamic domestic demand, especially in investment (+0.9% after +0.9%): residential investment rebounded significantly (+3.3%), after five quarters of strong contraction, and corporate investment remained solid (+0.5% after +1.4%). Private consumption increased (+0.4%) after two quarters of contraction. On the foreign trade side, exports contracted (-1.0%), but less sharply than imports (-2.7%): a destocking movement offset this positive contribution by foreign trade. For the moment, this favourable trend in activity is not being passed on to the labour market: employment fell back in Q1 2024 and the unemployment rate increased, reaching 4.3% after 3.8% at the end of 2023...