The Federal Statistical Office released its producer and import prices data on Friday. Switzerland's producer and import prices rose 0.2% in October, after a 0.1% drop in September.

The increase was mainly driven by higher prices for machinery and watches.

The Import Price Index decreased by 0.1% in October, while producer prices climbed 0.3%.

On a yearly basis, producer and import prices plunged 6.6% in October, after a 6.8% drop in September.

The Import Price Index fell by 11.0% year-on year in October, while producer prices dropped 4.5%.