The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) was up slight in June to 54.9, up from 54.4 in May, as Russia’s productive sector enjoyed the fastest pace of growth in three months, thanks to the ongoing war spending. (chart) Russia is currently enjoying the fast growth in its manufacturing PMI in Europe, where many of the leading economies are seeing their PMIs contract, posting index results at below the 50 no-change benchmark. “Operating conditions improved at a strong rate, amid steep increases in output and new orders. Meanwhile, sustained demand c…