Alberta Activity Index
The Alberta Activity Index (AAX) closely tracks economic activity using a weighted average of 9 monthly indicators.
Latest Alberta Activity Index
The following represents year-over-year changes in Alberta’s economy. The AAX was updated August 1, 2018 (to May 2018).
Broad-based bump up
- The Alberta Activity Index (AAX) jumped 2.5% in May, the fourth highest monthly growth rate on record.
- Wholesale trade led the charge, recording the highest monthly growth rate in 24 years, spearheaded by a spike in agricultural supply sales.
- Oil production, manufacturing shipments, housing starts, and new truck sales also saw notable gains.
- Year-over-year growth ticked up to 2.9% from 2.5% the month before.
- The AAX is now 0.8% above its pre-recession peak.
Chart: Year-over-year change in Alberta Activity Index and Real GDP
(to May 2018)
Alberta Activity Index - data table
The following file is available in the Open Government Portal:
Download: Alberta Activity Index Data Table (January 1981 to May 2018) (Excel, 26 KB)
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
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Wade Tymchak, Economic Forecasting and Analysis
Alberta Treasury Board and Finance