Government mail service may be affected by the Canada Post labour disruption. See how to send and receive government mail during this time.
The Alberta Activity Index was updated on October 31, 2024 to include August 2024 data.
Highlights
Activity moderates
- The Alberta Activity Index (AAX) gave back some of the gains in August after hitting a record high.
- The index slipped 0.3% month-over-month (m/m), with pullback in the business and household sectors.
- The business sector saw a broad-based retreat, reversing some gains from the prior month.
- Household sector activity declined as housing starts pulled back from elevated level and retail sales eased.
- Meanwhile, the labour market continued to advance with higher earnings.
- Activities in the energy sector expanded with ongoing strength in oil production.
- Despite the monthly decline, the AAX is up 2.4 % year-over-year (y/y) and 1.8% year-to-date (YTD).
Data table
View the Alberta Activity Index Data Table to find monthly data points for January 1981 to August 2024.
Year-over-year change
The following chart shows year-over-year change in the Alberta Activity Index and real GDP from 2004 to August 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.
Sign up for updates
Subscribe to get our economic publications by email
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]