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"improving sharply" is correct and usable in written English.
You can use it to describe an improvement in a situation that has been relatively rapid. For example: "The company's profits have been improving sharply this quarter."
Exact(7)
Traffic began improving sharply in July.
In parts of the city their school results are already improving sharply.
The spread, or difference, between what high-cap borrowers pay and what small-cap borrowers are charged is improving sharply in favor of small-cap firms.
Three pieces of data over the past week suggest that economic growth has bottomed out at the 4-5% range and that a precarious balance-of-payments position is improving sharply.
But the mood now seems to be improving sharply.The foreign ministers of the two countries are due to meet within the next three months, amid broad efforts to improve ties.
Loan quality and earnings have been improving sharply.
Similar(49)
And they improved sharply.
Still, company profits have improved sharply.
A monthly measure of consumer confidence improved sharply.
In late 2010, the situation in Swat began to improve sharply.
Since then, the company's performance has improved sharply.
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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