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Russia’s manufacturing PMI surged in February to post 54.7, up from 52.4 in January, putting in its biggest gains in 13 years, S&P Global reported on March 1. (chart) Any result above the 50 no-change mark represents an expansion in manufacturing. February’s result was the biggest gain since 2017. “Russian manufacturers recorded a strong upturn in operating conditions during February,” S&P Global said in a note. “Sharper expansions in new orders and output spurred a renewed rise in employment and a further uptick in input buying. The rate of new sales growth was the steepest since March 2011 d…

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