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Stock market
situation in 2015 and
outlook
In 2015, the Spanish stock market
experienced a dramatic fall, specially in
comparison with the healthy performance
of the economy. The Ibex 35 dropped
7.2%, closing the year at 9,544.2 points.
The rest of the European markets
have had a mixed performance, but
without any of the most important ones
experiencing a fall such as the Spanish
index. In the US market, the markets also
revealed mixed performances.
2015 maintained the path of economic
recovery that began in 2014. The Spanish
economy as a whole grew 3.2% over the
year, 0.8 points up on the previous year.
It is interesting to see how national
demand contributed 3.4 points to GDP
growth, whilst net foreign demand
detracted 0.2 points. Household
consumption increased 3.2%.
In this context, the forecasts for
forthcoming years is still good. The latest
panel of experts published by FUNCAS
in March 2016, expects that GDP would
accelerate 2.7% this year, as a result,
among other items, of the fall in oil
prices, which will increase the disposable
income of households and, therefore,
consumption. There is also a favourable
effect of reducing personal income tax,
which will leave more money available
for the domestic economies, as well as a
drop in unemployment. According to this
same source, household consumption is
set to rise 3.3% in 2016.
Other organisations, such as the
Government, the Bank of Spain and the
IMF, are also optimistic and believe that
2016 will end with above a 2% increase
in economic activity in Spain (3.0%, 2.7%
and 2.5% respectively ).
The advertising market grew in 2015. The
growth in the first part of the year was
bigger than the one in the second, so that
analysts made a downward adjustment to
their forecasts for the year as a whole, as
the slower rate of growth was confirmed.
ATRESMEDIA
| ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |
ATRESMEDIA
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