According to a Bloomberg survey, only 28% of respondents said the Eurozone's outlook will improve in the short term, down from 50% in July and 83% in March. More than two-thirds of respondents in expect the outlook to remain unchanged.

The survey was conducted before the release of the Eurozone's GDP data last week.

Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the second quarter, missing expectations for a 0.4% rise, after a 0.4% gain in the first quarter. On a yearly basis, Eurozone's preliminary GDP rose by 1.2% in the second quarter, missing expectations for a 1.3% increase, after a 1.0% gain in the first quarter.

A slowdown in China's economy weighs on the recovery in the Eurozone.