Current issue date
Alberta Activity Index
The AAX eases
- Activity in the province continued to drift lower in July.
- The Alberta Activity Index (AAX) eased 0.4% m/m, with an increased household activity more than offset by lower activity in the labour market and energy sector.
- With the monthly decline, the AAX decreased for the third month in a row as general business, energy, and labour market activity continued to retrace the recent gains.
- On a year-to-date basis, activity was down 0.7% due to ongoing weakness in rigs drilling and housing starts, the latter reflecting softness earlier in the year.
- Despite the monthly decrease, the AAX remained up 2.5% from the February 2019 low.
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to July 2019)
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to July 2019)
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).