The Alberta Activity Index was updated on June 28, 2024 to include April 2024 data.
Highlights
Activity surges to a new high
- The Alberta Activity Index (AAX) jumped to an all-time high in April.
- The index soared 2.7% month-over-month (m/m), with gains in all sectors and components.
- Business activity rebounded as manufacturing shipments, wholesale trade, and new truck sales all advanced.
- The household sector gained ground as housing starts rebounded and retail sales jumped.
- Activity in the energy sector continued to expand with growing oil production and increasing drilling activity.
- Meanwhile, momentum in the labor market continued with both employment and earnings moving higher.
- With the monthly gain, the AAX was up 3.8% year-over-year (y/y) and up 1.2% year-to-date (YTD).
Data table
View the Alberta Activity Index Data Table to find monthly data points for January 1981 to April 2024.
Year-over-year change
The following chart shows year-over-year change in the Alberta Activity Index and real GDP from 2004 to April, 2024.
Source: Alberta Treasury Board and Finance
Alberta Activity Index indicators
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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