Current issue date
Alberta Activity Index
The AAX retreats in April
- Economic activity plunged at a record pace in April, which marked a full month of widespread shutdowns and public health restrictions.
- The Alberta Activity Index (AAX) posted a record 8.1% month-over-month (m/m) decline in April, after dropping 5.3% m/m in the previous month. The plunge remains broad-based, with declines most prominent in the labour market and the general business sector.
- With back-to-back declines, the index dropped 13% since February, sinking to the lowest level since May-2011. Year-to-date, it was down 4.5%.
- Compared to a year ago, the AAX fell 15%, nearly double the next largest 12-month decline in May 2016.
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to April 2020)
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to April 2020)
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 the Introducing the Alberta Activity Index inFocus from the April 2017 Economic Trends (PDF, 281 KB).