Usually means: Rapidly falling or decreasing sharply.
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We found 12 dictionaries that define the word plummeting:

General (10 matching dictionaries)
  1. plummeting: Merriam-Webster
  2. plummeting: Oxford Learner's Dictionaries
  3. plummeting: Collins English Dictionary
  4. Plummeting, plummeting: Wordnik
  5. plummeting: Cambridge Advanced Learner's Dictionary
  6. plummeting: Wiktionary
  7. plummeting: Dictionary.com
  8. plummeting: Cambridge Essential American English Dictionary
  9. plummeting: TheFreeDictionary.com
  10. plummeting: Vocabulary.com

Computing (1 matching dictionary)
  1. plummeting: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. plummeting: Idioms

(Note: See plummet as well.)

Definitions from Wiktionary (plummeting)

noun:  A violent or dramatic fall.

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