The choices that other advertisers, who are participating in the same auctions as you, make can affect your campaign’s performance.
New advertisers or advertisers who adjust their existing accounts can affect how many impressions your ads receive.
Example
What you can do
For Search and Shopping ads, Explanations will automatically detect when changes in search volume are likely driving performance fluctuations.
The Auction insights report lets you compare your performance with other advertisers who are participating in the same auctions that you are. This info can help you make decisions about your bidding and budget.
Impression share data, specifically Lost Search IS (ad rank), can help you identify the percentage of time that your ads weren't shown on the Search Network due to poor Ad Rank in the auction. In order to minimize Lost Search IS (ad rank), improve your ad quality and your bids.
Need something else?
Check other common reasons why your campaign performance is fluctuating.