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Discover LudwigThe phrase "is soaring" is grammatically correct and can be used in written English.
It is often used to describe something that is increasing quickly or reaching new heights. Example: The stock market is soaring, reaching record highs every day. Another example: As the sun set over the mountains, the bird's elegant flight was captured in a photograph, its wingspan soaring against the pink sky.
Dictionary
is soaring
verb
To fly aloft with little effort, as a bird.
Exact(60)
Unemployment is soaring.
Traffic volume is soaring.
Yet demand is soaring.
But school enrolment is soaring.
Inflation is soaring above 13%.
Money-supply growth is soaring.
Demand for offices is soaring.
Veganism is soaring.
Their confidence is soaring.
Consumer spending is soaring.
It is soaring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com