Current issue date
The Alberta Activity Index was updated on September 30, 2022 to include July 2022 data.
Alberta Activity Index
Activity remained unchanged
- The Alberta Activity Index (AAX) held fairly steady in July.
- The index ticked down 0.1% month-over-month (m/m) as lower activity in general business sector (-0.7% m/m) tempered growth elsewhere.
- General business activity retreated for the third consecutive month, led by declines in wholesale trade and manufacturing shipments. While activity in this sector has pulled back from its April 2022 high, it was still up more than 12% year-to-date (YTD).
- Conversely, the labour market (+0.3% m/m) and household sector (+0.2% m/m) regained ground in July, while a strong rebound in oil production bolstered energy sector activity.
- The AAX remained 6.0% higher YTD, led by gains in energy and general business sector activity.
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to July 2022)
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to July 2022)
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:
- average weekly earnings
- retail trade
- wholesale trade
- manufacturing shipments
- new truck sales
- housing starts
- rigs drilling
- oil production
For more information on the AAX, please see "Introducing the Alberta Activity Index" from the April 2017 Economic Trends (PDF, 281 KB).
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