UK Services Sector Grows Modestly Despite Falling New Work, Employment

British services sector expanded at a modest rate in February though new work and employment decreased, survey data from IHS Markit showed on Tuesday. The IHS Markit/CIPS UK Services Purchasing Managers' Index rose to 51.3 from a two-and-a-half year low of 50.1 in January. Economists had expected to reading to remain unchanged.