Current issue date
The Alberta Activity Index was updated on April 4, 2024 to include January 2024 data.
Alberta Activity Index
Activity eases but still elevated
- The Alberta Activity Index (AAX) took a step back in January after a strong performance in 2023.
- The index declined 0.8% month-over-month as lower activity in the business, energy, and household sectors more than offset an uptick in the labour market.
- Business activity slipped as new truck sales gave back recent gains and manufacturing shipments and wholesale trade moderated.
- Activity in the energy sector also eased as oil production posted a seasonal slowdown after record production in previous months.
- The household sector gave up last month’s gain as housing starts and retail sales retreated from their recent highs.
- Meanwhile, activity in the labour market continued to climb as employment and earnings advanced.
- The AAX was largely unchanged year-over-year (y/y).
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to January 2024)
Source: Alberta Treasury Board and Finance
Data table
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to January 2024)
About the Alberta Activity Index
Developed by Alberta Treasury Board and Finance, the AAX is a weighted average of 9 monthly indicators:
- employment
- average weekly earnings
- retail trade
- wholesale trade
- manufacturing shipments
- new truck sales
- housing starts
- rigs drilling
- oil production
For more information on the AAX, see "Introducing the Alberta Activity Index" from the April 2017 Economic Trends.
Sign up for updates
Subscribe to get our economic publications by email
Contact
Asrafuzzaman, Economist
Alberta Treasury Board and Finance
Phone: 780-415-8865
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]
Back to
Economic Review and Indicators