Alberta Activity Index (Monthly)
The Alberta Activity Index (AAX) closely tracks economic activity. Developed by Alberta Treasury Board and Finance, it is a weighted average of nine monthly indicators (employment, average weekly earnings, retail trade, wholesale trade, manufacturing, new truck sales, housing starts, rigs drilling and oil production). A data file is also included in Excel format. The information on this page is updated monthly.
Posted March 1, 2018
Highlights: Activity slows at year-end
Momentum slowed in the Alberta Activity Index (AAX) at the end of last year. The AAX edged down in December, giving back about a quarter of gains made in the previous two months. A pullback in housing starts outweighed strong job gains. Despite edging lower at year-end, activity rebounded from recessionary levels throughout 2017. Stabilizing energy prices inspired energy sector gains late in 2016, which spread to other industries, carrying velocity into 2017. Sustained gains in business activity eventually spilled over into the labour market, which finished the year on a strong note. All told, the AAX was up 5.1% in 2017, having recovered about two-thirds of recessionary losses at year-end.
Chart: Year-over-year change in Alberta Activity Index and Real GDP to December 2017
Source: Alberta Treasury Board and Finance
Alberta Activity Index Data Table (MS Excel) - January 1981 to December 2017
If you have any questions about the AAX, please contact: Kailer Mullet, Manager, Economic Analysis, at 780-427-7391.