The Alberta Activity Index was updated August 31, 2026, to include June 2026 data.
Highlights
Business sector leads expansion
- The Alberta Activity Index (AAX) continued to build on its recent strength in June.
- The index increased by 0.7% m/m, adding to the gains since February.
- The upward momentum continued to be led by the business sector with accelerating manufacturing shipments, wholesale trade and new truck sales.
- Labour market conditions also improved with steady employment growth and a bounce back in average weekly earnings.
- In contrast, the household sector contracted as housing starts moderated following a spike in May and retail sales eased after months of strong gains.
- Seasonally adjusted energy sector activity also moderated in June following exceptional seasonal strength in rigs drilling and oil production in the previous month.
- With the recent surge, the AAX was up 2.5% year-to-date, with growth across all sectors.
Data table
View the Alberta Activity Index Data Table to find monthly data points for January 1981 to June 2026.
Year-over-year change
Figure 1. Year-over-year change in the AAX and real GDP from 2007 to June 2026.
*2025 is GDP by Industry; 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.
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Contact
Connect with us if you have questions:
Aishwarya Tyagi, Senior Economist
Alberta Treasury Board and Finance
Phone: 780-427-8659
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]
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