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The phrase "losing confidence in" is correct and usable in written English
You can use it when expressing a decline in trust or belief in someone or something. Example: "After the recent events, many investors are losing confidence in the company's leadership."
Exact(60)
You start losing confidence in your abilities.
Universities were losing confidence in A-levels, he said.
School districts are losing confidence in the tests.
Second, they are losing confidence in the single currency and Spain's place within it.
WASHINGTON — Oman's foreign minister says that he is "losing confidence" in him.
The administration, analysts said, is also losing confidence in China's willingness to press the North.
You say that the Americans are "losing confidence" in our performance.
But many people in the G.O.P. are losing confidence in Bush.
Generals worry that the United States is losing confidence in Britain's military worth.
MARKETS are losing confidence in the European Union's ability to keep the single currency intact.
Manh concluded that the people were losing confidence in the party and the state.
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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