Russia’s Manufacturing PMI improves further in February

Russian manufacturing firms indicated a further improvement in operating conditions in February, with the rate of expansion being the fastest since early-2017, according to the latest PMI reports from S&P Global. (chart) As followed by bne IntelliNews, despite the fallout from Russia’s full-scale military invasion of Ukraine, the manufacturing sector ended 2022 with a historically strong expansion in output. Manufacturing PMI in January 2023 continued to trend in positive territory. In February too, the seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) posted…

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