Well not quite, Tented, but they are definitely turning the other way. But Spanish tennis still reigns - Ferrer and Lopez are still within, or close to, late career peaks; Robredo isn't far from his top form; Nadal is slipping, but should improve somewhat; Bautista Agut and Carreno Busta are inching their way up (although the latter has been a bit disappointing, after being a young player to watch in 2013); Garcia-Lopez and Andujar are pretty much as good as they've ever been; Verdasco has faded quite a bit but is still a tough opponent. And so on.
The point being, the Armada is still strong. The problem is that the "ships" are old and there aren't many new ships "in production," and no potentially great ones within range. So if you're a fan of Spanish tennis, the next year or two will be the swansong and then we'll probably see a real sharp decline in 2016 or 2017.