U.K. manufacturing grew at the slowest pace in a year in July as a cooling in new orders and output ended the first half’s “stellar growth spurt,” Markit Economics said today. An industry index slipped to 55.4 from a revised 57.2 in June, the London-based data provider said. Economists forecast a reading of 57.2 for July, from a previously reported 57.5 in June, according to the median estimate in a Bloomberg News survey. An index of new orders declined to 57.8 from 60.6 and a separate gauge of output also fell. While the report suggests some loss of momentum in manufacturing, the gauge remains higher than the survey ... (full story)