The phrase "demand slump" is correct and commonly used in written English.
It refers to a decrease or decline in the demand for a particular product or service. Example: The company's profits have been negatively impacted by the recent demand slump for their new smartphone model.
Computer makers including Gateway are promoting services because they are more profitable than computers, now in a demand slump.
Several of the most prominent drawbacks of high temperature concreting include the increased water demand, slump loss, drying shrinkage, autogenous shrinkage, decreased mechanical and durability properties.
On the face of it, this is vindication for the Tory-led coalition government's boldest policy, a commitment to disavow Keynesian verities and cut public spending in the midst of a demand slump.
In 2016 unforeseen Oil and Gas industry-wide demand slump drove ProdEng's average service rates down by more than 37%, with EBITDA margins falling from 50% to 24% in the second half of 2016.
The Western demand slump and yen's surge have decimated earnings for the country's leading manufacturers.
Germany's government expects gross domestic product to contract by 6% this year, thanks to the global demand slump.
As a result, both exports and domestic demand slumped.
European sales dropped 16% in the quarter compared with the previous year, as demand slumped.
One area of concern remained auto dealers, where inventories increased as demand slumped.
As demand slumped because of the global recession, Saudi Arabia was forced to shut about a quarter of its production.
Nokia turned to emerging markets like China, where sales jumped 87percentt in the quarter, as demand slumped in North America.
