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The Alberta Activity Index was updated on April 29, 2022 to include February 2022 data.
Alberta Activity Index
Activity gains momentum
- The Alberta Activity Index (AAX) increased further in February, reaching a new historical high.
- The index went up 1.4% month-over-month (m/m), supported by gains in household, business, and energy sectors.
- After two consecutive months of declines, activity in household sector improved on the back of very strong housing starts. For general business sector, combined gains in manufacturing shipments and new truck sales far outweighed declines in wholesale trade. Meanwhile, energy sector activity rose with improvements across all components. Labour market activity took a step back for the first time since October 2021 amid weaker average weekly earnings, which was tempered by slight increase in employment.
- The AAX was 4.7% higher year-to-date (YTD).
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to February 2022)
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to February 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:
- 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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