Current issue date

The Alberta Activity Index was updated on September 30, 2019 to include July 2019 data.

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)
 

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 the Introducing the Alberta Activity Index inFocus from the April 2017 Economic Trends (PDF, 281 KB).

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Contact

Daniel Letcher, Economist
Alberta Treasury Board and Finance
Phone: 780-415-8845
Toll free: 310-0000 before the phone number (in Alberta)
Email: daniel.letcher@gov.ab.ca