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"indicating an increase" is a correct and usable part of a sentence in written English.
You may use it to describe a situation where something (e.g. a figure or statistic) is increasing. For example: "The latest figures are indicating an increase in the number of people using public transportation."
Exact(60)
The closely watched three-month Libor rate was down, indicating an increase in trust between banks.
In 2011, the Vatican's consumption per capita was 62 litres, indicating an increase this time of around 20%.
There has also been a decline in the number of countries and companies with the highest credit ratings, indicating an increase in risk.
The percentage of antibiotics sales made up by the most potent antibiotics remained steady or in some cases increased slightly, indicating an increase in the amount of so-called critically important antibiotics used.
Near the saddle-node, the autocorrelation curve widens, indicating an increase in correlation time.
Monsanto's Bollinger bands have been widening substantially in recent days, indicating an increase in price volatility.
LN), indicating an increase of binding sites number and average affinity.
The charge increases by 85%, indicating an increase in the capacitance, assuming that the active area has remained constant.
As the RPS increases, indicating an increase in the cutting depth and surcharge pressure, the drilling loads increase.
Rough endoplasmic reticulum and polysomes become more abundant, indicating an increase in metabolic activities within the cell.
Phosphate concentration also had a negative effect, indicating an increase in PFT with a decrease in its value.
More suggestions(15)
evidence an increase
have mentioned an increase
indicating the rising
indicating a rise
indicating an augmented
indicating increasing levels
indicating a rising
indicating increased levels
indicating an increased
demonstrated an increase
representing an increase
yielding an increase
mentioned an increase
containing an increase
indicating an interest
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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