Latest Alberta Activity Index

The AAX was updated on January 4, 2019 to include October 2018 data.

Activity holds steady

  • The Alberta Activity Index (AAX) held steady in October 2018, following some moderation in the previous month.
  • A rebound in oil production following oil sands upgrader maintenance, along with gains in manufacturing shipments and average weekly earnings, was offset by pullbacks in housing starts, wholesale trade, and rigs drilling.
  • On a year-over-year basis, growth in activity has moderated in the last two months to reach 1.6% in October 2018.
  • Nonetheless, the AAX remains up 2.8% year-to-date, reflecting strength in the first half of 2018.

Chart: Year-over-year change in Alberta Activity Index and Real GDP
(to October 2018)

Alberta activity index and real GDP
Source: Alberta Treasury Board and Finance

Alberta Activity Index - data table

The following file is available in the Open Government Portal:

Download: Alberta Activity Index Data Table (January 1981 to October 2018) (Excel, 26 KB)

About the Alberta Activity Index

Developed by Alberta Treasury Board and Finance, the Alberta Activity Index (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

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Daniel Letcher, Economist
Alberta Treasury Board and Finance
Phone: 780-415-8845
Toll free: 310-0000 before the phone number (in Alberta)