Saudi Arabia, Qatar, and Kuwait, among other Middle Eastern countries, have seen sharp increases in production.

However, economic activity continued to contract in Egypt and Lebanon. India remained one of the fastest-growing countries in the global economy.

While the country's production has been at its slowest pace since the beginning of the year, it still recorded a strong increase. On the other hand, Turkey's manufacturing sector accounts for less than 1% of India's export market share.

S&P Global Market Intelligence's Director of Economics, Andrew Harker, stated in the commentary:

"The expansion of production in Germany supports the perception that international market conditions are improving. This situation could provide Turkish manufacturers with additional opportunities to receive more new orders from abroad in the coming months. Moreover, it is observed that economic activity has significantly increased in some other important export markets of the sector."