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Current issue date

The Alberta Activity Index was updated on January 31, 2023 to include November 2022 data.

Alberta Activity Index

Activity takes a step back in November

  • The Alberta Activity Index (AAX) declined in November after remaining relatively stable for the previous four months.
  • The index inched down 0.4% month-over-month (m/m), as gains in the general business sector were outweighed by declines in household activity.
  • General business activity rose on the back of record high wholesale trade.
  • In contrast, the housing sector dipped amid a sharp pullback in housing starts, which came on the heels of two months of robust gains. This was partly offset by higher retail sales.
  • Activity in the energy sector also ticked down as rigs drilling and oil production retreated marginally on a seasonally adjusted basis in November.
  • Meanwhile, labour sector remained largely unchanged from last month.
  • The AAX remained 5.8% higher year-to-date (YTD).

Chart: Year-over-year change in Alberta Activity Index and real GDP
(to November 2022)

Graph of year-over-year change in Alberta Activity Index and real GDP
Source: Alberta Treasury Board and Finance

Data table

The following file is available in the Open Government Portal:

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

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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Contact

Zoia Komirenko, Economist
Alberta Treasury Board and Finance
Phone: 780-644-0021
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]

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