Credit Suisse released its manufacturing purchasing managers' index (PMI) for Switzerland on Tuesday. The manufacturing purchasing managers' index in Switzerland climbed to 52.2 in August from 48.7 in July, exceeding expectations for an increase to 49.7. It was the highest reading since December 2014.

The increase was largely driven by a rise in production. The production was up to 62.4, the highest level since December 2010

Purchase prices decreased 4.1 points to 36.1 points in August, while the backlog of orders sub-index rose by 3.9 points to 52.4.