MANILA, Philippines — Local manufacturing sped past production hurdles in February and posted its best performance in three years, although questions remain on whether the industry could sustain this momentum. British information provider IHS Markit reported the Philippines’ purchasing managers’ index (PMI), a measure of manufacturing output, surged to 52.8 in February from 50.0 in January, rebounding back to its growth path. The latest print — a result of a monthly survey of around 400 firms — landed above the 50 no-change threshold separating expansion from contraction. “While the relaxation…