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Discover Ludwig"it's down" is a correct and usable phrase in written English.
It can be used to indicate that something is in a lowered or lowered position or level, or that something is not functioning properly or is unavailable. Example: "The elevator is down for maintenance, please use the stairs." This sentence uses "it's down" to indicate that the elevator is not functioning and is not available for use.
Exact(60)
It's down 7% from its July high.
It's down.
It's down there.
"It's down the road".
It's down to earth".
It's down and dirty.
"It's down to us.
Now it's down actually.
"It's down?" she exclaimed.
Today, it's down to7.6 million.
It's down on the beach.
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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