Alberta Activity Index
The Alberta Activity Index (AAX) closely tracks economic activity using a weighted average of 9 monthly indicators.
Latest Alberta Activity Index
The following represents year-over-year changes in Alberta’s economy. The AAX was updated May 31, 2018 (to March 2018).
Activity jumps up
- The Alberta Activity Index (AAX) ended the first quarter on a high note.
- The AAX jumped up 0.9% in March to surpass the previous post-recession high reached in May of last year.
- Growth was widespread with only earnings and wholesale trade losing ground.
- Year-over-year growth moderated to 2.1% from 4.4% in January, as greater gains in oil production failed to offset weakness in the remaining indicators.
- Even so, the AAX remains well above recessionary lows, having recovered about three-quarters of peak-to-trough losses.
- With this release, the AAX has been revised back to 2012 to reflect revisions to the underlying indicators and seasonal adjustments.
Chart: Year-over-year change in Alberta Activity Index and Real GDP
(to March 2018)
Alberta Activity Index - data table
The following file is available in the Open Government Portal:
Download: Alberta Activity Index Data Table (January 1981 to March 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:
- average weekly earnings
- retail trade
- wholesale trade
- new truck sales
- housing starts
- rigs drilling
- oil production
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Kailer Mullet, Manager, Economic Analysis
Alberta Treasury Board and Finance