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What is a falloff?

What is a falloff? Here are some definitions.

Noun
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The tertiary sector is also experiencing a sector-wide falloff in activity.
A number of structural factors, regarding changes in the labour market and business organisation, have contributed to this falloff.
This is a dynamic field showing a strong growth trend, even in times of crisis when conventional brokerage services experience a falloff in demand.
Furthermore, any falloff in the amounts exported and imported would reintroduce profit opportunities.
Therefore, the province is not experiencing a marked pullback in activity like the falloff taking place in Alberta and, to a lesser degree, British Columbia.
That, together with the overall falloff in commodities prices, caused buyers to sit on the sidelines and not make new purchasing commitments.

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