Current issue date

The Alberta Activity Index was updated on June 30, 2020 to include April 2020 data.

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)

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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Daniel Letcher, Economist
Alberta Treasury Board and Finance
Phone: 780-415-8845
Toll free: 310-0000 before the phone number (in Alberta)