Government mail service may be affected by the Canada Post labour disruption. Learn about how critical government mail will be handled.
The Alberta Activity Index was updated on September 29th, 2025 to include July 2025 data.
Highlights
Expansion continues
- The Alberta Activity Index (AAX) rose in July for the second consecutive month.
- The index advanced 0.4% month-over-month (m/m), driven by strengthening activity in the business sector.
- Manufacturing shipments continued to recover, while wholesale trade and new truck sales rebounded from the previous month’s decline.
- A modest gain in the energy sector also contributed to growth.
- In contrast, the household sector remained weak, with housing starts weighing on activity.
- The labour market also weighed on growth, as employment declined and the pace of growth in average weekly earnings slowed.
- On a year-over-year (y/y) basis, the AAX was up 2.1%, with solid growth across all sectors
Data table
View the Alberta Activity Index Data Table to find monthly data points for January 1981 to July 2025.
Year-over-year change
The following chart shows year-over-year change in the Alberta Activity Index and real GDP from 2007 to June 2025.
Source: Alberta Treasury Board and Finance
Alberta Activity Index indicators
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
Carlos Ladeira, Economist
Alberta Treasury Board and Finance
Phone: 780-427-7420
Toll free: 310-0000 before the phone number (in Alberta)
Email: carlos.ladeira@gov.ab.ca