Current issue date

The Alberta Activity Index was updated on April 3, 2020 to include January 2020 data.

Alberta Activity Index

Energy sector supports activity

  • Economic activity improved in January.
  • The Alberta Activity Index rose 0.3% month-over-month, the second monthly gain after taking a dip in November 2019.
  • There were gains in the energy sector and general business activity, with the former driven by a resurgence in rigs drilling. These increases were moderated by declines in household activity and the labour market.
  • Compared to a year ago, the AAX was up 0.4%, mainly due to higher energy sector activity. In January 2019, government-mandated production limits in the province came into effect and weighed down on oil production and drilling activity.
  • The impacts of COVID on economic activity in Alberta will be seen in the coming months.

Chart: Year-over-year change in Alberta Activity Index and real GDP
(to January 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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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