Alberta Activity Index

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Alberta Activity Index

Activity takes a step back in November

• The Alberta Activity Index (AAX) declined in November after remaining relatively stable for the previous four months.
• The index inched down 0.4% month-over-month (m/m), as gains in the general business sector were outweighed by declines in household activity.
• General business activity rose on the back of record high wholesale trade.
• In contrast, the housing sector dipped amid a sharp pullback in housing starts, which came on the heels of two months of robust gains. This was partly offset by higher retail sales.
• Activity in the energy sector also ticked down as rigs drilling and oil production retreated marginally on a seasonally adjusted basis in November.
• Meanwhile, labour sector remained largely unchanged from last month.
• The AAX remained 5.8% higher year-to-date (YTD).

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

Data table

The following file is available in the Open Government Portal:

• Alberta Activity Index Data Table (January 1981 to November 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).

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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]