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The phrase "are purchasing" is correct and usable in written English.
It is typically used to indicate an ongoing action of buying something in the present tense.
Example: "They are purchasing new equipment for the office to improve productivity."
Alternatives: "are buying" or "are acquiring".
Dictionary
Exact(60)
But the inspections are purchasing results.
In some cases, Chinese investors are purchasing land in Russia.
We have just learned that the inspections are purchasing results.
Civil servants are purchasing trains, designing and procuring services, setting fares and determining investment.
Consumers are purchasing roughly $7.6 trillion a year in goods and services.
"In Scarsdale, Larchmont and Rye," he said, "builders are purchasing older homes and knocking them down.
Consumers and employers are purchasing insurance plans with high deductibles.
Consumers have more control than ever over the look of the product they are purchasing.
"30percentt of our buyers are purchasing their first artwork".
The best advice--be aware of what you are purchasing.
We are purchasing all of our products from Italian producers.
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