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Discover LudwigThe phrase "are dropping" is correct and usable in written English.
It can be used to indicate that something is currently in the process of falling or decreasing.
Example: "The temperatures are dropping as winter approaches."
Alternatives: "are falling" or "are decreasing".
Dictionary
are dropping
verb
To fall in droplets (of a liquid).
Exact(60)
Mortgage rates are dropping.
Her numbers are dropping".
People are dropping out.
We are dropping bombs.
Assets are dropping in value.
But the numbers are dropping.
Stray dogs are dropping dead.
Some are dropping coverage.
"Plankton levels are dropping.
They are dropping fast.
Our ratings are dropping.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com