Alberta Activity Index

Current issue date

Alberta Activity Index

Activity remained unchanged

• The Alberta Activity Index (AAX) held fairly steady in July.
• The index ticked down 0.1% month-over-month (m/m) as lower activity in general business sector (-0.7% m/m) tempered growth elsewhere.
• General business activity retreated for the third consecutive month, led by declines in wholesale trade and manufacturing shipments. While activity in this sector has pulled back from its April 2022 high, it was still up more than 12% year-to-date (YTD).
• Conversely, the labour market (+0.3% m/m) and household sector (+0.2% m/m) regained ground in July, while a strong rebound in oil production bolstered energy sector activity.
• The AAX remained 6.0% higher YTD, led by gains in energy and general business sector activity.

Chart: Year-over-year change in Alberta Activity Index and real GDP
(to July 2022)

Data table

The following file is available in the Open Government Portal:

• Alberta Activity Index Data Table (January 1981 to July 2022)

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

Sign up for updates

Subscribe to get our economic publications by email

Contact

Zoia Komirenko, Economist
Alberta Treasury Board and Finance
Phone: 780-644-0021
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]