Current issue date
The Alberta Activity Index was updated on April 30, 2024 to include February 2024 data.
Alberta Activity Index
Activity rebounds on broad-based gains
- The Alberta Activity Index (AAX) bounced back to reach a nine-month high in February 2024.
- The index advanced 0.9% month-over-month as all sectors advanced, led by the business and energy sector.
- Business activity strongly recovered as both manufacturing shipments and wholesale trade rose while new truck sales continued to weaken.
- Activity in the energy sector also improved, led by record oil production with an uptick in rigs drilling.
- Labour market activity continued to climb as employment advanced despite a decrease in earnings.
- Meanwhile, the household sector moved up as strong housing starts more than offset a significant drop in retail sales.
- With the monthly increase, the AAX was up 1.3% year-over-year (y/y) and up 0.8% year-to-date (YTD).
Chart: Year-over-year change in Alberta Activity Index and real GDP
(to February 2024)
Source: Alberta Treasury Board and Finance
Data table
The following file is available in the Open Government Portal:
- Alberta Activity Index Data Table (January 1981 to February 2024)
About the Alberta Activity Index
Developed by Alberta Treasury Board and Finance, the 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, see "Introducing the Alberta Activity Index" from the April 2017 Economic Trends.
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Contact
Asrafuzzaman, Economist
Alberta Treasury Board and Finance
Phone: 780-427-8659
Toll free: 310-0000 before the phone number (in Alberta)
Email: [email protected]
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