Monthly Economic Review - Alberta, Canada
September 2012
Monthly Economic Review
MONTHLY ECONOMIC REVIEW September 2012
TABLE OF CONTENTS Page
Current Economic Indicators •
Labour Force Indicators ..................................................................................... 2
•
Industry Labour Force ........................................................................................ 3
•
Employment Insurance, Wages and Salaries, Average Weekly Earnings, and Migration............................................................................................................. 4
•
Retail Trade, Food Services and Drinking Places Receipts, New Motor Vehicle Sales, and Wholesale Trade............................................... 5
•
Multiple Listing Service (MLS) Housing Resales, Housings Starts, and Building Permits ................................................................................................. 6
•
Manufacturing and Agriculture ........................................................................... 7
•
Energy Production and Deliveries, Rig Activity, and Energy Prices ..................
•
Exports by Commodity, Top 10 Countries ......................................................... 9
•
Bankruptcies, Business Incorporations, and International Travelers .................
10
•
Consumer Price Index, Exchange Rates, and Interest Rates............................
11
8
Interprovincial Comparisons of Economic Indicators •
Population, Unemployment Rate, Employed, and Employment Insurance .......
•
Wages and Salaries, Retail Trade, New Motor Vehicle Sales, and
12
Wholesale Trade, ............................................................................................... 13 •
Urban Housing Starts, Building Permits, Manufacturing, and Agriculture..........
14
•
Exports, Consumer and Business Bankruptcies, and Consumer Price Index ...
15
Regional Economic Indicators •
Labour Force and Population ............................................................................. 16
•
Major Construction Projects and Building Permits ............................................. 17
Historical and Current Economic Indicators •
Unemployment Rate, Employed, Employment Insurance Beneficiaries, Wages and Salaries, Average Weekly Earnings, Retail Trade, Food Services and Drinking Places Receipts, New Motor Vehicle Sales, and Wholesale Trade ................................................................................................ 18
•
MLS Housing Resales, Housing Starts, Building Permits, Manufacturing Shipments, Energy Production, and Rigs Drilling ......................
•
19
Energy Prices, International Exports, Bankruptcies, Incorporations, and International Travelers…. ................................................................................... 20
•
Consumer Price Index, Exchange Rates, and Prime Rates ..............................
21
Sources of Information ............................................................................................... 22
Current Economic Indicators September 2012 Highlights Labour Force: In August 2012, Alberta’s seasonally adjusted un employment rate wa s 4.4%, down from July’s 4.6%, mainly as result of a fall of 3,700 in the number of un employed and a rise of 3,900 in the number of employed individuals. Alberta’s unemployment rate is now tied with Saskatche wan’s at 4.4% for the lowest unemployment rate in th e country. Over the past 12 months, the n umber of people employed has increased b y 2.1% or 43,300. The largest employment gains were noted in mining, oil an d gas extraction (u p 39,300), construction (up 19,000), other services (up 8,800) and agriculture (up 7,100). In June 2012, there were 23,880 employment insurance recipients in Alberta, 30.4% fewer than in Ju ne 2011. Total wages and salaries paid to all Alberta emp loyees in the first half of 2012 was 7.8% highe r than for the same period in 2011. Consumer Spending: In June 2012, retail sales in Alb erta rose 6.6% from Ju ne 2011 to $5.6 billion. From Janu ary to June of 2012, retail sales rose 8.8% from the sa me period last year, the highest growth rate of all provinces. The lar gest in creases were recorded for motor and recreationa l vehicle s (up 17.2%), clothing and accessories (up 12.8%) and general merchandise (up 8.4%). Retail sales in Canada rose 3.4% over the same period. Construction: In Au gust, urba n housing starts in Alberta decre ased by 11.1% from August 2011 to 2,310. Multiple-dwelling start s fell by 16.7% while sin gle-detached starts fell by 6.5% as compared to August 2011. On a year-to-date basis, ur ban housing starts increased by 36.2% from the same period last year. Over the same period, urban starts in Canada rose by 15.4%. Alberta mu nicipalities issued $1.1 billion in b uilding permits in July, up 0.5% from July 2011. From January to July 2012, the value of Alberta buildin g permits rose 15.5% from the same period last year.
Energy: Be tween August 2011 an d August 2012, the average nu mber of active drilling rigs fell by 31.0% to 223 . In June 20 12, crude oil production rose by 17.7% from June 2011 while natural gas production fell by 6 .4% over the same period. Manufacturing: In July, the value of Alberta’s manufacturing shipments was $5.9 billion, up 1.4% from July 2011. On a year-to-date basis, manufacturing shipments rose 9.2% from the same period last year to $43.3 b illion. The largest gain s were registered by computers and electro nics (up 53.0%), metal fabricating (up 23.8%), machinery (up 30.1%) and nonmetallic mineral pro ducts (up 22.6%). Nationally, manufacturing shipmen ts rose by 5.2%. Exports: In July, the value of Alberta’s international merchandise exports was $7.9 billion, ro ughly the same as what was recorded in July 2011. An increase of 1.0% was register ed for mining and energy and a 1.6% increase was recor ded for manufacturing. Primary agricultura l exports fell by 21.3 % over the same time. On a yearto-date basis, Alberta exports were up 7.8% from the sa me period i n 2011: large gains were noted for primary agriculture ( up 9.5%), mining and energy (up 8. 2%) and manufacturing (up 5.8 %). Canadian exports increased by 6.9% over the same period. Bankruptcies and Incorporations: In June, the numb er of bu siness ba nkruptcies increased b y 37.5% from June 2011, while consumer bankruptcie s decreased by 25.4%. On a year-to-date basis, the n umber of business bankruptcies rose 0 .8% and consumer bankruptcie s fell by 17.4% as compared to the same period in 2011. Fro m January to August of 2012, the number of business incorporation s rose 1 .3% as compared to the same period in 2011.
Page 1
CURRENT ECONOMIC INDICATORS LABOUR FORCE INDICATORS (seasonally adjusted) Alberta Labour Force (000's) Calgary Edmonton Employed (000's) Calgary Edmonton Employment Rate (%) Calgary Edmonton Unemployment (000's) Calgary Edmonton Unemployment Rate (%) Calgary Edmonton Participation Rate (%) Calgary Edmonton
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
2011
2012
2,202.6 762.7 702.2 2,078.5 717.1 662.6 69.3 69.7 69.0 124.2 45.5 39.6 5.7 6.0 5.6 73.5 74.1 73.1
2,225.9 781.1 713.5 2,104.3 735.3 675.4 69.9 71.2 70.1 121.6 45.8 38.1 5.5 5.9 5.3 74.0 75.6 74.0
2,253.0 786.9 727.5 2,150.0 750.3 694.8 69.9 71.0 70.3 103.0 36.6 32.6 4.6 4.7 4.5 73.3 74.5 73.6
2,249.9 783.6 717.2 2,142.4 745.6 682.1 70.1 71.0 69.5 107.5 38.0 35.0 4.8 4.9 4.9 73.7 74.6 73.1
AUGUST
JULY
47.3 20.9 15.0 64.0 28.5 19.5 0.8 1.3 0.5 -16.7 -7.5 -4.5 -0.9 -1.1 -0.7 0.2 0.5 -0.1
Yearly Change 27.1 5.8 14.0 45.7 15.0 19.4 0.0 -0.2 0.2 -18.6 -9.2 -5.5 -0.9 -1.2 -0.8 -0.7 -1.1 -0.4
2011
2012
2,235.4 789.4 719.7 2,110.6 739.5 679.1 70.0 71.5 70.3 124.8 49.9 40.5 5.6 6.3 5.6 74.2 76.3 74.5
2,253.2 782.4 732.2 2,153.9 746.4 699.2 69.9 70.5 70.5 99.3 36.0 33.0 4.4 4.6 4.5 73.2 73.9 73.9
Yearly Change 17.8 -7.0 12.5 43.3 6.9 20.1 -0.1 -1.0 0.2 -25.5 -13.9 -7.5 -1.2 -1.7 -1.1 -1.0 -2.4 -0.6
Note: Calgary and Edmonton estimates are 3-month moving averages.
ADDITIONAL LABOUR FORCE INDICATORS (unadjusted) Alberta Male Unemployment Rate (%) Female Unemployment Rate (%) Youth Unemployment Rate (%) Working Age Population (000's) Calgary Edmonton Employed (000's) Full-time Part-time
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
2011
2012
6.1 5.5 11.2 2,998.1 1,028.3 960.3 2,079.2 1,721.6 357.7
6.0 5.6 11.9 3,009.8 1,033.0 964.1 2,127.9 1,804.0 324.0
4.4 5.0 8.5 3,073.9 1,056.5 988.4 2,180.0 1,869.3 310.7
4.8 4.9 8.9 3,055.1 1,050.1 981.6 2,143.9 1,794.4 349.5
AUGUST
JULY
-1.3 -0.6 -2.3 57.1 21.8 21.3 64.7 72.8 -8.1
Yearly Change -1.6 -0.6 -3.4 64.1 23.5 24.3 52.1 65.3 -13.3
2011
2012
5.6 7.3 10.7 3,014.6 1,034.9 965.8 2,127.7 1,806.8 320.9
4.0 6.4 8.9 3,079.6 1,059.1 991.2 2,173.6 1,868.3 305.3
Yearly Change -1.6 -0.9 -1.8 65.0 24.2 25.4 45.9 61.5 -15.6
Note: Calgary and Edmonton estimates are 3-month moving averages.
EMPLOYMENT 2,200
UNEMPLOYMENT RATE
Thousands, Seasonally Adjusted
8.0%
Seasonally Adjusted Rate
7.5% 2,100
7.0% 6.5%
2,000
6.0% 5.5%
1,900 5.0% 4.5%
1,800
4.0% 3.5%
1,700
3.0% 1,600 Aug04
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
2.5% Aug04
Page 2
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
INDUSTRY LABOUR FORCE (unadjusted) Alberta Agriculture Unemployment Rate (%) Employed (000's) Mining and Oil and Gas Extraction Unemployment Rate (%) Employed (000's) Construction Unemployment Rate (%) Employed (000's) Manufacturing Unemployment Rate (%) Employed (000's) Wholesale Trade Unemployment Rate (%) Employed (000's) Retail Trade Unemployment Rate (%) Employed (000's) Transportation and Warehousing Unemployment Rate (%) Employed (000's) Finance, Insurance, Real Estate and Leasing Unemployment Rate (%) Employed (000's) Professional, Scientific and Technical Services Unemployment Rate (%) Employed (000's) Business, Building and Other Support Services Unemployment Rate (%) Employed (000's) Educational Services Unemployment Rate (%) Employed (000's) Health Care and Social Assistance Unemployment Rate (%) Employed (000's) Information, Culture and Recreation Unemployment Rate (%) Employed (000's) Accommodation and Food Services Unemployment Rate (%) Employed (000's) Other Services Unemployment Rate (%) Employed (000's) Public Administration Unemployment Rate (%) Employed (000's)
NOTE: "n/a" is reported in instances of insufficient response.
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
JULY
2011
2012
AUGUST Yearly Change
2011
2012
Yearly Change
n/a 49.6
n/a 55.4
n/a 5.8
n/a 47.8
n/a 57.4
n/a 9.6
5.2 55.0
3.4 62.1
-1.8 7.1
3.2 148.2
3.2 176.6
0.0 28.4
2.2 151.4
4.0 175.7
1.8 24.3
2.2 142.1
2.4 181.4
0.2 39.3
7.3 207.2
5.0 225.7
-2.3 18.5
5.7 219.1
3.9 249.6
-1.8 30.5
4.0 224.9
4.8 243.9
0.8 19.0
3.8 142.6
2.6 134.8
-1.2 -7.7
3.6 146.1
2.1 140.8
-1.5 -5.3
3.7 148.1
2.5 138.7
-1.2 -9.4
n/a 93.6
3.2 81.4
n/a -12.2
n/a 89.2
4.9 79.1
n/a -10.1
n/a 87.1
2.2 87.0
n/a -0.1
5.2 225.8
3.8 241.9
-1.4 16.1
5.0 243.1
3.2 242.4
-1.8 -0.7
5.6 241.7
2.8 231.5
-2.8 -10.2
3.3 104.2
2.2 113.7
-1.1 9.5
3.8 110.2
2.7 122.1
-1.1 11.9
3.8 110.1
2.8 115.4
-1.0 5.3
n/a 99.6
2.0 101.0
n/a 1.4
2.4 102.0
110.8
n/a 8.8
1.8 107.7
2.0 110.6
0.2 2.9
2.9 164.8
2.5 156.4
-0.4 -8.4
2.0 163.7
2.5 156.8
0.5 -6.9
2.6 166.1
1.0 158.4
-1.6 -7.7
7.2 72.9
5.6 73.3
-1.6 0.3
7.1 74.8
5.4 79.3
-1.7 4.5
8.8 79.2
3.3 84.7
-5.5 5.5
n/a 127.1
3.5 126.1
n/a -1.0
7.6 106.8
7.5 103.7
-0.1 -3.1
12.5 105.4
12.5 108.7
0.0 3.3
2.7 222.0
1.5 229.6
-1.2 7.6
2.2 226.4
1.6 222.9
-0.6 -3.5
4.3 222.1
1.8 225.2
-2.5 3.1
6.0 78.8
4.8 72.0
-1.3 -6.8
5.0 93.2
3.4 73.1
-1.6 -20.1
5.9 90.0
7.0 67.6
1.1 -22.4
5.2 133.8
4.3 136.0
-0.9 2.2
5.5 140.4
3.9 137.9
-1.6 -2.5
5.0 136.2
4.4 135.0
-0.6 -1.2
3.3 103.4
2.7 106.2
-0.6 2.8
3.4 104.6
4.3 104.9
0.9 0.3
2.7 100.8
3.4 109.6
0.7 8.8
n/a 85.5
n/a 90.2
n/a 4.7
2.5 88.3
95.3
n/a 7.0
3.0 92.5
n/a 87.6
n/a -4.9
Page 3
JANUARY - JUNE AVERAGE EMPLOYMENT INSURANCE Alberta Number of Recipients, seasonally adj.
WAGES AND SALARIES ($000,000) Alberta Total, seasonally adjusted
2011
2012
38,590
26,102
MAY
Per cent Change -32.4
2012
34,490
24,060
JANUARY - JUNE Per cent 2011 2012 Change
2011
2012
61,869
10,420
11,199
66,669
2011
2012
1,031
MIGRATION Alberta International Immigration Emigration Returning Canadians Temporarily abroad Net Non-Permanent Residents Net international migration Interprovincial In-migration Out-migration Net Interprovincial migration
1,058
-30.2
2011
2012
Per cent Change
34,310
23,880
-30.4
MAY
7.8
JUNE Per cent Change 7.5
2011
2012
10,409
11,330
MAY
Per cent Change
2011
2.7
1,043
Per cent Change 8.9
JUNE Per cent Change
2012 1,055
1.2
JANUARY - DECEMBER Per cent 2010 2011 Change
OCTOBER - DECEMBER Per cent 2010 2011 Change
32,643 8,624 2,843 2,307 (9,558) 14,997
30,958 8,670 2,843 2,308 3,075 25,898
-5.2 0.5 0.0 0.0 n/a 72.7
6,667 2,003 454 556 (6,794) (2,232)
8,305 2,011 454 556 105 6,297
24.6 0.4 0.0 0.0 n/a n/a
70,033 65,417 4,616
87,064 67,923 19,141
24.3 3.8 314.7
16,072 13,562 2,510
18,819 12,809 6,010
17.1 -5.6 139.4
EMPLOYMENT INSURANCE 80,000
Per cent Change
2011
JANUARY - JUNE AVERAGE AVERAGE WEEKLY EARNINGS ALL EMPLOYEES Alberta $/week, seasonally adjusted
JUNE
2011
2012
1,028
1,071
Per cent Change 4.1
JANUARY - MARCH Per cent 2011 2012 Change
5,744 1,479 487 486 (558) 3,708 20,556 15,281 5,275
7,515 1,486 487 486 2,642 8,672
30.8 0.5 0.0 0.0 n/a 133.9
26,910 13,514 13,396
30.9 -11.6 154.0
AVERAGE WEEKLY EARNINGS
Seasonally Adjusted, Number of Beneficiaries
$1,100
Seasonally Adjusted, $/Week
75,000 $1,050
70,000 65,000
$1,000
60,000 $950
55,000 50,000
$900 45,000 40,000
$850
35,000 $800
30,000 25,000
$750
20,000 15,000 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
$700 Jun04
Page 4
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
JANUARY - JUNE Per cent 2011 2012 Change
RETAIL TRADE ($000,000) Alberta Total All Stores, seasonally adjusted Motor and Recreational Vehicles Gasoline Service Stations Furniture, Furnishings, Electronics Building and Outdoor Home Supplies Food and Beverage Pharmacies and Personal Care Clothing and Accessories General Merchandise Miscellaneous Retailers
31,175 7,875 4,048 2,115 1,569
33,912 9,228 4,373 2,202 1,695
6,212 1,386 1,556 3,694 680
6,503 1,458 1,755 4,006 722
MAY 2011
8.8 17.2 8.0 4.1 8.0 4.7 5.2 12.8 8.4 6.2
2012
5,266 1,511 731 360 358
5,702 1,898 783 376 396
1,075 238 297 713 120
1,153 263 336 778 130
Note: The Total All Stores series is seasonally adjusted; the sales by store type series are not seasonally adjusted.
JANUARY - JUNE FOOD SERVICES AND DRINKING PLACES RECEIPTS ($000,000) Alberta Total, seasonally adjusted
2011 3,530
3,810
7.9
JANUARY - JUNE Per cent 2011 2012 Change
NEW MOTOR VEHICLE SALES Alberta Total Number Sold, unadjusted Passenger Vehicles Trucks
109,141 27,492 81,649
123,683 31,036 92,647
8.3 25.6 7.2 4.5 10.4 7.2 10.7 13.1 9.0 8.4
2011
2012
5,278 1,608 716 370 378
5,629 1,753 769 377 377
1,112 229 284 689 129
1,188 252 332 741 139
MAY
Per cent Change
2012
JUNE Per cent Change
2011
2012
596
642
6.6 9.0 7.3 1.8 -0.1 6.9 10.3 16.7 7.6 7.6
JUNE Per cent Change 7.6
MAY
13.3 12.9 13.5
Per cent Change
Per cent Change
2011
2012
20,169 5,557 14,612
24,726 6,400 18,326
22.6 15.2 25.4
2011
2012
604
638 JUNE
2011
2012
22,212 5,856 16,356
23,502 6,283 17,219
Per cent Change 5.6
Per cent Change 5.8 7.3 5.3
Note: Trucks include minivans, sport-utility vehicles, light and heavy trucks, vans and buses regardless of their intended use. Passenger vehicles also include taxis and rental cars.
JANUARY - JUNE Per cent 2011 2012 Change
WHOLESALE TRADE ($000,000) Alberta Total All Merchants, seasonally adjusted
33,323
38,473
2011
15.5
JUNE Per cent Change
2012
5,671
6,629
16.9
2011
2012
5,845
6,431
Per cent Change 10.0
NEW MOTOR VEHICLE SALES
RETAIL AND WHOLESALE TRADE
$7.0
MAY
Seasonally Adjusted, Billions
28
Wholesale Trade
Unadjusted, Thousands
26
$6.5
24
$6.0
22 $5.5 20 $5.0 18
Retail Trade
$4.5
16
$4.0
14
$3.5 $3.0 Jun04
12
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Page 5
10 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
JUNE
JANUARY - JULY Per cent 2011 2012 Change
MULTIPLE LISTING SERVICE (MLS) HOUSING RESALES Alberta Total (number) Calgary Edmonton Total Value ($000,000) Calgary Edmonton
33,522 14,200 10,653 11,927 5,757 3,482
38,753 17,104 11,451 14,136 7,072 3,858
2011
15.6 20.5 7.5 18.5 22.8 10.8
14,485 8,889 5,596 5,425 5,890
19,733 9,769 9,964 8,993 7,821
6,400 2,832 1,913 2,367 1,195 651
2011
8.1 16.7 0.6 10.7 19.6 4.2
4,996 1,975 1,603 1,771 785 536
JULY
JANUARY - AUGUST Per cent 2011 2012 Change
HOUSING STARTS (urban) Alberta Total Single Detached All Others* Calgary Edmonton
2012
5,920 2,427 1,901 2,138 1,000 625
JULY Per cent Change
2011
36.2 9.9 78.1 65.8 32.8
2,144 1,362 782 658 1,034
2,693 1,477 1,216 910 1,435
5,819 2,502 1,725 2,118 1,025 582
16.5 26.7 7.6 19.6 30.5 8.5
AUGUST Per cent Change
2012
Per cent Change
2012
2011
25.6 8.4 55.5 38.3 38.8
2,599 1,410 1,189 1,237 805
Per cent Change
2012 2,310 1,319 991 1,039 918
-11.1 -6.5 -16.7 -16.0 14.0
* Includes: two-family, row, and apartment dwellings
JUNE
JANUARY - JULY Per cent 2011 2012 Change
BUILDING PERMITS ($000,000) Alberta Total Value, seasonally adjusted Total Value, unadjusted Calgary Edmonton Residential Calgary Edmonton Industrial Calgary Edmonton Commercial Calgary Edmonton Institutional/Government Calgary Edmonton
7,196.5 7,195.6 2,941.4 2,385.6 3,897.7 1,433.4 1,508.0 992.4 687.2 72.8 2,011.7 695.5 694.0 293.7 125.2 110.8
8,235.1 8,291.1 3,221.6 2,642.4 4,684.1 1,872.9 1,714.4 809.2 169.1 147.2 2,276.8 1,007.2 607.7 521.1 172.4 173.1
14.4 15.2 9.5 10.8 20.2 30.7 13.7 -18.5 -75.4 102.2 13.2 44.8 -12.4 77.4 37.7 56.2
2011
2012
1,003.7 1,116.3 471.9 335.6 670.9 264.6 213.9 58.0 33.2 4.4 338.2 153.9 93.2 49.2 20.2 24.1
1,136.7 1,250.3 419.3 401.1 748.1 264.6 272.3 111.1 31.9 19.3 329.5 112.8 99.1 61.7 10.0 10.4
13.3 12.0 -11.2 19.5 11.5 0.0 27.3 91.4 -3.9 343.5 -2.6 -26.7 6.4 25.4 -50.6 -57.1
HOUSING STARTS / MLS RESALES
9.0
Thousands
7.5
JULY Per cent Change
Per cent Change
2011
2012
1,091.7 1,171.9 376.6 369.3 679.3 236.9 244.6 68.2 8.4 6.9 381.5 102.2 112.9 42.8 29.1 5.0
1,097.5 1,199.5 413.2 395.5 713.9 267.1 275.7 144.2 41.6 25.5 310.1 92.4 91.1 31.2 12.1 3.3
0.5 2.4 9.7 7.1 5.1 12.7 12.7 111.4 394.3 271.3 -18.7 -9.6 -19.3 -27.1 -58.3 -34.4
BUILDING PERMITS
5.0
$2,000
4.0
$1,600
3.0
$1,200
2.0
$800
1.0
$400
Seasonally Adjusted, Millions
6.0
4.5
3.0
1.5
MLS Resales - left scale 0.0 Aug04
Housing Starts - right scale Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
$0 Jul04
0.0 Aug12
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Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
MANUFACTURING (Value of shipments of goods of own manufacture $000,000) Alberta Total, seasonally adjusted Total, unadjusted Food Products Plastics & Rubber Products Metal Fabricating Printing & Publishing Non-Metallic Mineral Products Petroleum & Coal Products Chemicals & Chemical Products Wood Products Furniture & Fixtures Paper & Allied Computers & Electronics Machinery Other Manufacturing*
JANUARY - JULY Per cent 2011 2012 Change 39,645.7 39,138.7 6,402.6 826.0 2,938.0 476.2 1,008.6 10,408.2 7,244.2 1,248.3 454.8 1,060.3 252.6 4,219.8 2,599.0
43,287.0 42,888.7 6,965.7 741.8 3,636.8 479.7 1,236.2 10,547.1 7,286.4 1,492.5 477.5 881.8 386.4 5,488.3 3,268.4
9.2 9.6 8.8 -10.2 23.8 0.7 22.6 1.3 0.6 19.6 5.0 -16.8 53.0 30.1 25.8
JUNE
JULY
Per cent Change
2011
2012
5,631.4 5,705.1 944.1 137.1 432.1 69.7 192.2 1,523.4 914.4 193.4 70.2 151.7 40.0 639.7 397.3
5,926.6 5,891.4 1,054.2 133.8 517.0 70.9 234.5 1,214.4 888.4 248.6 71.9 144.1 60.9 809.8 442.9
5.2 3.3 11.7 -2.4 19.7 1.8 22.0 -20.3 -2.8 28.5 2.4 -5.0 52.3 26.6 11.5
2011
2012
5,855.7 5,879.8 984.6 127.1 451.0 58.3 197.9 1,610.7 1,073.6 178.4 67.2 143.7 32.5 570.9 383.9
5,935.0 5,886.8 1,032.4 n/a 470.2 63.2 234.8 1,218.4 985.3 255.1 69.2 n/a 47.5 778.1 732.7
Per cent Change 1.4 0.1 4.8 n/a 4.3 8.4 18.6 -24.4 -8.2 43.0 3.0 n/a 46.2 36.3 90.9
*Other Manufacturing is derived residually, by deducting the sum of the above industries from the total for all manufacturing (includes Primary Metal, Beverage and Transportation Equipment sectors)
AGRICULTURE Farm Cash Receipts ($000,000) Alberta Total From Operations Crops Wheat, other than Durum Durum Wheat Barley Canola Livestock Cattle and Calves Hogs Dairy Products Poultry Direct/Program Payments
JANUARY - DECEMBER Per cent 2010 2011 Change
OCTOBER - DECEMBER Per cent 2010 2011 Change
JANUARY - MARCH Per cent 2011 2012 Change
9,003.8 3,794.7 1,009.2 123.7 154.0 1,711.0 4,392.2 3,082.6 368.5 478.4 259.1 816.9
2,361.6 1,120.7 311.8 30.1 64.6 628.4 1,043.4 724.2 80.0 121.1 65.6 197.5
2,711.7 1,406.8 331.3 38.7 57.1 548.4 1,069.1 738.3 98.6 121.0 67.5 235.8
10,467.4 5,182.7 1,463.3 132.4 236.1 2,609.2 4,603.4 3,167.2 416.5 504.1 296.2 681.3
16.3 36.6 45.0 7.1 53.3 52.5 4.8 2.7 13.0 5.4 14.3 -16.6
2,811.4 1,431.3 408.8 47.8 89.1 837.0 1,197.6 823.4 109.3 129.7 76.5 182.5
19.0 27.7 31.1 58.5 37.9 33.2 14.8 13.7 36.6 7.1 16.7 -7.6
3,477.9 2,051.8 428.6 48.4 71.2 916.8 1,212.0 844.2 110.3 134.1 75.3 214.1
28.3 45.8 29.4 25.2 24.6 67.2 13.4 14.4 11.8 10.8 11.6 -9.2
Note: Wheat, Durum Wheat and Barley receipts include Canadian Wheat Board payments.
$4.0
Billions
MANUFACTURING
FARM CASH RECEIPTS
Seasonally Adjusted, Billions $7.0
Crops
Livestock
Direct/Program Payments
$3.5
$6.5
$3.0 $6.0 $2.5 $5.5 $2.0 $5.0 $1.5 $4.5
$1.0
$4.0
$0.5
$0.0
Jan. - Mar. 2011
Jan. - Mar. 2012
$3.5 Jul04
Page 7
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
JANUARY - JUNE
MAY
JUNE
Per cent ENERGY PRODUCTION Alberta
3
Natural Gas (million m )
3
Crude Oil and Equivalents*('000 m )
2011
2012
Change
68,444
64,332
61,329
69,281
Per cent Change
Per cent
2010
2011
2011
2012
Change
-6.0
10,691
10,404
-2.7
10,419
9,751
-6.4
13.0
9,410
11,756
24.9
9,709
11,426
17.7
*Includes Conventional Light/Medium/Heavy, Bitumen, Synthetic, Condensate and Pentanes Plus.
JANUARY - AUGUST AVERAGE \ Per cent 2011 2012 Change 2011
RIG ACTIVITY Alberta Rig Counts Drilling Available
259 562
248 600
-4.3 6.7
240 546
ANNUAL
JULY
AUGUST Per cent Change
2012
198 597
-17.5 9.3
2011
2011
2012
323 552
223 599
2010
West Texas Intermediate Crude Oil Price (US$/Barrel) Natural Gas Reference Price (C$/GJ)
Annual
2011
JUN
JUL
AUG
JUN
JUL
AUG
79.53
95.12
96.29
97.34
86.34
82.41
87.93
94.16
3.57
3.28
3.51
3.42
3.32
1.75
1.92
n/a
ENERGY PRODUCTION 16
% Change 9.1 -43.9
RIGS DRILLING Millions m 3
Billions m3
-31.0 8.5
2012
AVERAGES ENERGY PRICES
Per cent Change
13
550
Number
Natural Gas - Left Scale 500 12
15
450
11
400
14 350 10
300
13 9
200
12 8
11
250
150
100
Crude Oil & Equivalents - Right Scale
7 50
10 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
6 Jun12
Page 8
0 Aug04
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
JANUARY - JULY EXPORTS By Industry ($000,000) Alberta Total - all industries Primary Agriculture Mining & Energy Crude oil Natural Gas and Natural Gas Liquids Other Mining and Energy Manufacturing Chemicals, Petroleum & Coal Products Paper & Wood Products Primary & Fabricated Metal Products Machinery & Transportation Equipment Food, Feed & Beverage Other Manufacturing Other Exports
JUNE
2011
2012
Per cent Change
52,720.4 2,502.5 37,419.6 28,825.8 7,712.3 881.4 12,409.3 5,160.0 1,201.2 1,314.2 2,088.0 1,912.0 733.9 389.1
56,808.7 2,741.2 40,488.1 35,202.8 4,668.5 616.8 13,126.4 5,274.9 1,244.7 1,237.4 2,312.4 2,193.1 863.9 453.0
7.8 9.5 8.2 22.1 -39.5 -30.0 5.8 2.2 3.6 -5.8 10.7 14.7 17.7 16.4
2011 7,808.8 344.1 5,554.0 4,387.7 974.3 192.0 1,854.1 731.8 171.5 167.3 359.6 301.7 122.2 56.7
JANUARY - JULY EXPORTS
JULY
2012
Per cent Change
2011
2012
Per cent Change
7,730.4 305.0 5,463.7 4,770.0 576.4 117.3 1,888.5 722.5 189.6 187.0 351.4 307.7 130.4 73.2
-1.0 -11.4 -1.6 8.7 -40.8 -38.9 1.9 -1.3 10.5 11.7 -2.3 2.0 6.7 29.1
7,995.4 354.0 5,688.7 4,447.0 1,083.9 157.8 1,876.5 800.5 163.7 239.6 286.9 277.3 108.5 76.1
7,992.9 278.7 5,746.8 4,879.0 773.9 94.0 1,906.4 827.6 167.8 194.3 292.6 304.7 119.3 61.0
0.0 -21.3 1.0 9.7 -28.6 -40.5 1.6 3.4 2.5 -18.9 2.0 9.9 10.0 -19.8
JUNE
Per cent
JULY Per cent
Per cent
By Country ($000,000)
2011
2012
Change
2011
2012
Change
2011
2012
Change
Alberta Total - all countries United States China Japan Mexico Korea, South Netherlands United Arab Emirates Russia Australia Indonesia All other Countries Other Countries
52,720.4 45,755.4 1,600.5 1,053.3 497.9 486.4 321.8 179.3 140.1 187.1 131.0 2,367.7 3,813.33
56,808.7 49,610.8 2,057.0 1,075.3 542.9 350.3 252.2 175.7 149.8 138.6 128.7 2,327.3 3,522.65
7.8 8.4 28.5 2.1 9.0 -28.0 -21.6 -2.0 7.0 n/a -1.7 -1.7
7,808.8 6,765.3 291.7 148.0 81.9 60.3 52.5 9.3 16.1 26.4 21.0 336.4
7,730.4 6,829.9 204.9 156.4 73.9 86.1 36.3 13.5 15.6 20.5 12.9 280.4
-1.0 1.0 -29.8 5.7 -9.8 42.8 -30.9 45.1 -3.0 n/a -38.2 -16.7
7,995.4 6,989.0 184.1 158.1 77.3 79.5 41.8 41.0 17.5 19.9 14.4 372.8
7,992.9 6,995.3 307.7 186.4 71.2 39.3 35.3 19.5 12.3 25.4 17.2 283.4
0.0 0.1 67.1 17.9 -7.8 -50.6 -15.5 -52.4 -29.5 n/a 18.9 -24.0
ALBERTA EXPORTS BY COUNTRY January - July 2012
EXPORTS $12.0
Billions
$11.0
China
$10.0
Japan
$9.0
Mexico $8.0
United States
$7.0
$6.0
$5.0
$4.0
$3.0 Jul04
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
Page 9
All other Countries
JANUARY - JUNE
MAY
BANKRUPTCIES
2011
Alberta Business (number) Consumer (number)
2012
133 3,800
Change
134 3,140
2011
0.8 -17.4
2012
22 617
28 515
JANUARY - AUGUST 2011
Alberta Number of Business Incorporations Alberta Corporations Non-Alberta Corporations INTERNATIONAL TRAVELERS, NON-RESIDENTS ENTERING ALBERTA Alberta Total (includes same-day) Total (excludes same-day) U.S.A. (excludes same-day) United Kingdom Germany Nertherlands Japan Australia Switzerland
27,898 25,923 1,975
2012
Change
28,261 25,981 2,280
Change 27.3 -16.5
Per cent 2011
2011
2012
2,925 2,706 219
3,018 2,757 261 JULY
2011
2012
Change
22 484
37.5 -25.4
AUGUST Per cent
1.3 0.2 15.4
JANUARY - AUGUST Per cent 2011 2012 Change
2012
16 649
JULY
Per cent BUSINESS INCORPORATIONS
JUNE Per cent
Per cent
Change 3.2 1.9 19.2
Per cent Change
Per cent 2011
2012
3,119 2,878 241
Change
3,360 3,096 264 AUGUST
2011
7.7 7.6 9.5
2012
Per cent Change
512,964 482,997 317,990 57,913 19,775 10,241 6,995 7,685 5,756
534,078 504,500 342,127 52,054 17,605 9,849 8,107 8,270 5,569
4.1 4.5 7.6 -10.1 -11.0 -3.8 15.9 7.6 -3.2
112,321 106,140 70,767 11,361 4,603 1,939 1,494 1,670 1,159
119,182 112,779 76,081 11,005 3,923 2,096 2,387 1,645 1,233
6.1 6.3 7.5 -3.1 -14.8 8.1 59.8 -1.5 6.4
149,384 138,569 94,213 12,079 5,264 4,244 2,178 1,748 2,595
155,911 144,401 101,409 10,889 4,811 3,593 2,619 2,323 2,395
4.4 4.2 7.6 -9.9 -8.6 -15.3 20.2 32.9 -7.7
3,700
4,775
29.1
797
1,090
36.8
1,349
1,656
22.8
Mexico
Figures given are for non-residents entering Alberta directly. Consequently, actual totals will be understated since significant numbers of tourists enter via other provinces.
160
BANKRUPTCIES
Number
INCORPORATIONS
Number
1,200
Business (left scale) 1,100
Consumer (right scale)
140
5,500
1,000 120 4,700
900 100
800
80
3,900
700 600
60
3,100 500
40 400 20
0 Jun04
2,300
300
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
200 Jun12
1,500 Aug04
Page 10
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
CONSUMER PRICE INDEX (2002=100) Alberta All Items Food Shelter Energy Household Operations & Furnishings Transportation Recreation, Education & Reading All Items, excl. Food and Energy Edmonton Calgary
ANNUAL RATES 2009 2010 2011 121.5 120.5 147.4 138.5 107.8 105.3 105.3 119.8 121.6 121.7
122.7 121.8 147.6 143.0 107.7 118.8 106.0 120.7 122.9 122.7
2011 JUL
APR
MAY
2012
% Change JUL '11 - JUL '12
JUN
JUL
126.9 128.0 150.8 161.2 110.8 127.3 107.0 123.3 127.2 126.5
126.8 129.3 151.4 160.8 111.0 125.4 107.9 123.0 127.1 126.4
125.7 125.6 152.1 166.5 109.2 124.7 105.7 121.7 126.0 125.4
125.7 126.1 152.8 170.3 109.1 123.2 107.9 121.3 125.9 125.5
127.0 126.7 149.9 161.1 110.3 130.2 105.5 123.8 127.4 126.7
EXCHANGE RATES (in $Cdn) United States Japan European Monetary Union (EURO) United Kingdom
ANNUAL RATES 2009 2010 2011 1.1415 1.0301 0.9893 0.0122 0.0118 0.0124 1.5853 1.3671 1.3761 1.7208 1.5928 1.5859
2011 AUG 0.9828 0.0128 1.4092 1.6078
MAY 1.0098 0.0127 1.2918 1.6071
2012 JUN JUL 1.0281 1.0139 0.0130 0.0128 1.2892 1.5804 1.5991 1.5804
% Change AUG AUG '11 - AUG '12 -0.9 0.9921 0.9 0.0127 14.5 1.2307 3.1 1.5601
INTEREST RATES (Prime Rates) Canada United States
ANNUAL RATES 2009 2010 2011 2.42 2.60 3.00 3.25 3.25 3.25
2011 AUG 3.00 3.25
MAY 3.00 3.25
2012 JUN JUL 3.00 3.00 3.25 3.25
% Change AUG AUG '11 - AUG '12 3.00 0.0 3.25 0.0
126.6 127.6 147.9 152.3 110.4 128.9 107.0 123.9 127.0 126.2
CONSUMER PRICE INDEX, ALBERTA Year-over-Year Change
0.9 2.5 -0.9 -5.6 1.7 1.8 0.0 1.4 1.0 0.7
EXCHANGE RATES 1.70
8.0%
1.60 6.0% 1.50 EURO 1.40
4.0%
1.30
2.0%
1.20
U.S.
1.10 0.0%
Cdn$/US$, Cdn$/EURO 1.00
Alberta, all items excl. food/energy Alberta, all items -2.0% Jul04
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
0.90 Aug04
Page 11
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
510
145
945
755
7,954
13,330
1,245
1,052
3,758
4,561
34,368
POPULATION ('000s) APRIL 1, 2011 APRIL 1, 2012
509
146
945
755
8,028
13,472
1,261
1,072
3,847
4,606
34,756
-0.21
0.7
-0.03
0.1
0.9
1.1
1.3
1.9
2.4
1.0
1.1
AUGUST 2011
13.8
11.4
8.6
9.3
7.6
7.5
5.4
4.5
5.6
7.4
7.3
AUGUST 2012
12.7
11.7
9.7
10.4
7.6
8.0
5.4
4.4
4.4
6.7
7.3
AUGUST 2011
222
72
456
351
3,965
6,743
623
523
2,111
2,271
17,337
AUGUST 2012
229
72
457
352
3,989
6,768
628
542
2,154
2,323
17,514
3.1
0.0
0.3
0.2
0.6
0.4
0.9
3.6
2.1
2.3
1.0
Percent Change UNEMPLOYMENT RATE* (%)
EMPLOYED* ('000s)
Percent Change EMPLOYMENT INSURANCE* (Average Number of Beneficiaries) JUNE 2011
36,210
8,890 33,130 34,100 165,330 172,210 13,230 10,530 34,310 63,900 570,990
JUNE 2012
33,190
8,730 29,420 32,930 151,660 150,480 12,690 9,360
Percent Change
-8.3
-1.8
-11.2
-3.4
-8.3
-12.6
POPULATION POPULATION 2.5% 4.0%
-11.1
-30.4
-13.0
-11.1
UNEMPLOYMENT RATES*
14.0%
% Change, April 1, 2011 1, 2012 January 2006 to April January 7, 2006
2.0% 3.0%
-4.1
23,880 55,600 507,570
August 2012
12.0% 10.0%
1.5% 2.0%
8.0%
1.0% 6.0%
1.0% 0.5%
4.0%
0.0% 0.0%
-0.5% -1.0%
2.0% 0.0% AB AB
SK SK
MB MB
CAN CAN
ON ON
BC BC
QC QC
PE PE
NBNB NSNS NLNL
AB
SK
MB
BC
CAN
QC
ON
NS
NB
PE
NL
EMPLOYMENT INSURANCE*
EMPLOYMENT* 0.0%
4.0%
% Change, August 2011 to August 2012
-5.0% -10.0%
3.0%
-15.0% -20.0%
2.0%
-25.0% -30.0%
1.0%
% Change in Average Number of Beneficiaries June 2011 to June 2012
-35.0% 0.0%
-40.0% SK
NL
BC
AB
CAN
MB
QC
ON
NS
NB
PE
*Seasonally Adjusted
Page 12
AB
BC
ON
NS
SK
CAN
NL
QC
MB
NB
PE
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - JUNE 2011
4,820
1,206
8,752
7,099
76,239
150,636 12,283 11,454 61,869
47,294
383,848
JANUARY - JUNE 2012
5,165
1,235
8,901
7,231
78,428
7.2
2.4
1.7
1.9
2.9
153,668 12,711 12,407 66,669 2.0
3.5
8.3
7.8
48,818
397,530
3.2
3.6
JANUARY - JUNE 2011
3,872
918
6,473
5,510
50,676
80,288
8,135
7,942
31,175
29,602
225,457
JANUARY - JUNE 2012
4,027
966
6,574
5,555
51,485
82,180
8,297
4.0
5.2
1.6
0.8
1.6
2.4
2.0
8,455
33,912
30,797
233,147
6.5
8.8
4.0
3.4
WAGES AND SALARIES* ($000,000)
Percent Change RETAIL TRADE* ($000,000)
Percent Change NEW MOTOR VEHICLE SALES (Number) JANUARY - JUNE 2011
15,663 2,833 23,826 20,523 214,942 308,117 23,563 24,462 109,141
80,645
823,715
JANUARY - JUNE 2012
17,385 3,419 26,096 21,045 221,744 329,309 25,744 27,429 123,683
91,029
886,883
12.9
7.7
Percent Change
11.0
20.7
9.5
2.5
3.2
6.9
9.3
12.1
13.3
JANUARY - JUNE 2011
1,952
276
3,830
2,978
53,274
137,999 7,295 10,379 33,323
25,569
277,283
JANUARY - JUNE 2012
2,061
280
4,206
3,041
56,165
143,455 8,073 11,238 38,473
27,020
294,501
5.7
6.2
WHOLESALE TRADE* ($000,000)
Percent Change 5.6 1.3 9.8 2.1 5.4 4.0 10.7 Note: New Motor Vehicle Sales for British Columbia include automobile sales for the Canadian Territories.
10.0%
% Change in Value, January - June 2011 to January - June 2012
8.0%
15.5
RETAIL TRADE*
WAGES AND SALARIES* 9.0%
8.3
9.0%
% Change in Value, January - June 2011 to January - June 2012
8.0%
7.0%
7.0%
6.0%
6.0%
5.0%
5.0% 4.0%
4.0%
3.0%
3.0%
2.0%
2.0%
1.0% 0.0%
1.0% SK
AB
NL
CAN
MB
BC
QC
PE
ON
NB
NS
0.0%
AB
SK
PE
BC
NL
CAN
ON
MB
QC
NS
NB
ON
NB
PE
WHOLESALE TRADE*
NEW MOTOR VEHICLE SALES* 18.0%
25.0%
% Change in Number, January - June 2011 to January - June 2012
% Change in Value, January - June 2011 to January - June 2012
16.0%
20.0%
14.0% 12.0%
15.0%
10.0% 8.0%
10.0%
6.0% 4.0%
5.0%
2.0% 0.0%
PE
AB
BC
SK
NL
NS
MB
CAN
ON
QC
NB
0.0%
*Seasonally Adjusted
Page 13
AB
MB
NS
SK
CAN
BC
NL
QC
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - AUGUST 2011
1,506
386
2,457
1,504
25,803
42,657
2,598
3,497
14,485
15,847
110,740
JANUARY - AUGUST 2012
1,576
410
2,154
1,579
25,979
50,989
3,283
4,583
19,733
17,518
127,804
4.6
6.2
-12.3
5.0
0.7
19.5
26.4
31.1
36.2
10.5
15.4
607
131
855
549
9,484
16,259
1,023
1,468
7,196
5,479
43,051
URBAN HOUSING STARTS (Number)
Percent Change BUILDING PERMITS* ($000,000) JANUARY - JULY 2011 JANUARY - JULY 2012
728
171
937
566
9,184
17,295
1,373
1,802
8,235
6,548
46,840
Percent Change
19.9
29.7
9.6
3.1
-3.2
6.4
34.2
22.8
14.4
19.5
8.8
JANUARY - JULY 2011
2,844
681
6,386
11,266
80,499
146,614
8,894
7,028
39,646
21,984
325,872
JANUARY - JULY 2012
4,403
758
6,035
11,108
80,625
157,122
9,074
7,964
43,287
22,266
342,682
Percent Change
54.8
11.4
-5.5
-1.4
0.2
7.2
2.0
13.3
9.2
1.3
5.2
JANUARY - MARCH 2011
39
139
179
128
1,750
2,259
1,430
3,195
2,712
519
12,349
JANUARY - MARCH 2012
41
135
186
129
1,750
2,506
1,641
4,005
3,478
568
14,440
Percent Change
5.9
-2.5
3.7
0.8
0.0
11.0
14.8
25.4
28.3
9.4
16.9
MANUFACTURING* (value of shipments of goods of own manufacture, $000,000)
AGRICULTURE (Farm Cash Receipts from farming operations $000,000)
BUILDING PERMITS*
URBAN HOUSING STARTS 40.0%
40.0%
% Change, January - August 2011 to January - August 2012
30.0%
% Change in Value, January - July 2011 to January - July 2012
30.0%
20.0% 20.0% 10.0% 10.0% 0.0% 0.0%
-10.0%
-20.0%
-10.0% AB
SK
MB
ON
CAN
BC
PE
NB
NL
QC
NS
MB
PE
MANUFACTURING* 60.0% 50.0%
NL
BC
AB
NS
CAN
ON
NB
QC
FARM CASH RECEIPTS
30.0%
% Change in Value, January - July 2011 to January - July 2012
SK
% Change in Value, January - March 2011 to January - March 2012
25.0%
40.0%
20.0%
30.0% 15.0% 20.0% 10.0% 10.0% 5.0%
0.0% -10.0%
0.0% NL
SK
*Seasonally Adjusted
PE
AB
ON
CAN
MB
BC
QC
NB
NS
Page 14
AB
SK
CAN
MB
ON
BC
NL
NS
NB
QC
PE
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - JULY 2011 JANUARY - JULY 2012
6,465 7,242
374 507
2,643 2,159
8,982 8,802
34,655 35,985
86,977 94,890
6,465 7,242
16,159 18,554
52,720 56,809
18,395 18,327
235,234 251,393
Percent Change
12.0
35.5
-18.3
-2.0
3.8
9.1
12.0
14.8
7.8
-0.4
6.9
EXPORTS ($000,000)
CONSUMER BANKRUPTCIES (Number) JANUARY - JUNE 2011
1,103
301
1,925
1,451
13,350
13,067
806
683
3,800
4,261
40,722
JANUARY - JUNE 2012 Percent Change
848 -23.1
226 -24.9
1,750 -9.1
1,552 7.0
12,671 -5.1
11,934 -8.7
642 -20.3
529 -22.5
3,140 -17.4
4,007 -6.0
37,322 -8.3
17 8
5 9
63 43
23 29
833 766
680 547
23 16
53 52
133 134
97 101
2,039 1,805
-52.9
80.0
-31.7
26.1
-8.0
-19.6
-30.4
-1.9
0.8
4.1
-11.5
121.6 123.6
123.3 125.2
122.8 124.5
120.3 121.4
118.3 120.5
120.5 121.4
118.2 120.3
121.8 123.9
125.7 126.8
116.6 117.9
120.0 121.5
1.6
1.5
1.4
0.9
1.9
0.7
1.8
1.7
0.9
1.1
1.3
BUSINESS BANKRUPTCIES (Number) JANUARY - JUNE 2011 JANUARY - JUNE 2012 Percent Change CONSUMER PRICE INDEX (2002=100) JULY 2011 JULY 2012 Percent Change
EXPORTS 40.0%
CONSUMER BANKRUPTCIES 10.0%
% Change in Value, January - July 2011 to January - July 2012
30.0%
% Change in Number, January - June 2011 to January - June 2012 0.0%
20.0% 10.0%
-10.0% 0.0% -10.0%
-20.0%
-20.0% -30.0%
PE
SK
MB
NL
ON
AB
CAN
QC
BC
NB
-30.0%
NS
PE
NL
BUSINESS BANKRUPTCIES
100.0%
60.0%
MB
AB
NS
ON
CAN
BC
QC
NB
MB
QC
CONSUMER PRICE INDEX*
2.0%
% Change in Number, January - June 2011 to January - June 2012
80.0%
SK
% Change, July 2011 to July 2012
1.5%
40.0% 20.0%
1.0%
0.0% -20.0%
0.5%
-40.0% -60.0%
NL
NS
MB
ON
CAN
QC
SK
AB
BC
NB
PE
*Seasonally Adjusted
Page 15
0.0%
ON
AB
NB
BC
CAN
NS
PE
NL
SK
REGIONAL ECONOMIC INDICATORS LABOUR FORCE, ALBERTA REGIONS (unadjusted, 3-month moving average) Labour Force (000s) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Employed (000s) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Unemployment Rate 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller Dr mheller 8) Lethbridge - Medicine Hat Participation Rate 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat
AUGUST 2011
AUGUST 2012
84.5 146.2 743.3 115.8 54.0 848.2 113.8 152.0
85.4 142.4 764.9 113.2 54.5 857.3 113.7 153.7
79.6 137.5 701.0 109.6 52.8 796.2 108.1 142.9
81.2 135.9 730.4 107.6 52.5 815.8 108.8 145.9
5.9% 6.0% 5.7% 5.4% n/a 6.1% 5 0% 5.0% 6.0%
4.9% 4.6% 4.5% 4.9% 3.7% 4.8% 4 2% 4.2% 5.1%
81.9% 76.6% 74.2% 75.0% 75.1% 76.3% 72.9% 69.3%
80.8% 74.1% 74.5% 71.9% 75.4% 75.3% 72.3% 69.1%
Population (July 1, 2011) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller Dr mheller 8) Lethbridge - Medicine Hat 5-year Population Growth (2006-2011) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat
UNEMPLOYMENT RATE ALBERTA REGIONS 7.0%
16.3% 4.6% 10.9% 9.3% 6.7% 12.7% 4.3% 7.6%
5-YEAR POPULATION GROWTH RATE ALBERTA REGIONS
Unadjusted Rates AUGUST 2011
141,450 260,334 1,238,763 198,999 91,206 1,362,370 202 564 202,564 283,667
18.0%
AUGUST 2012
6.0%
15.0%
5.0%
12.0%
4.0%
9.0%
3.0% 6.0%
2.0%
3.0%
1.0% 0.0%
0.0% 1
2
3
4
5
6
7
8
Page 16
1
2
3
4
5
6
7
8
REGIONAL ECONOMIC INDICATORS The Inventory of Major Alberta Projects tracks projects valued at $5 million or greater that are planned, underway, or have been recently completed. MAJOR CONSTRUCTION PROJECTS Investment ($ 000,000) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region
AUGUST 2011
2012
103,683.9
116,018.8
9,772.9
11,987.7
20,645.2
21,221.7
4) Red Deer Region
1,614.9
1,657.2
5) Banff - Jasper
1,436.7
1,792.3
6) Calgary Region
23,652.0
19,916.3
7) Camrose - Drumheller
2,966.0
2,523.0
8) Lethbridge - Medicine Hat
3,477.5
2,175.5
9) Other Total
18,661.9
16,532.6
185,911.0
193,825.1
JANUARY - JULY BUILDING PERMITS ($000,000) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Total
2011 656.6 351.0 2,423.6 189.0 95.4 3 095 1 3,095.1 181.5 203.3 7,195.6
2012 892.1 461.4 2,682.2 283.0 61.9 3 399 1 3,399.1 266.9 244.5 8,291.1
JUNE Per cent Change 35.9 31.4 10.7 49.7 -35.1 98 9.8 47.0 20.3 15.2
2011 89.2 59.7 350.2 26.1 13.7 501 4 501.4 31.2 44.8 1,116.3
2012 149.5 81.4 405.1 40.9 10.8 453 3 453.3 76.1 33.2 1,250.3
JULY Per cent Change 67.6 36.3 15.7 56.7 -21.1 -9 9.6 6 144.0 -25.7 12.0
2011 157.0 100.6 372.8 49.8 15.8 413 9 413.9 26.7 35.2 1,171.9
MAJOR CONSTRUCTION PROJECTS ( AUGUST 2012)
Total: $193.8 billion
3) Edmonton Region 10.9% 2) Athabasca - Grande 4) Red Deer Region Prairie 0.9% 6.2%
5) Banff - Jasper 0.9%
1) Wood Buffalo - Cold Lake 59.9%
6) Calgary Region 10.3% 7) Camrose - Drumheller 1.3% 8) Lethbridge - Medicine Hat 1.1% 9) Other 8.5%
Page 17
2012 147.0 75.5 401.1 42.7 11.3 441 8 441.8 38.1 41.9 1,199.5
Per cent Change -6.4 -25.0 7.6 -14.3 -28.0 67 6.7 42.5 19.0 2.4
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
Unemploy- Employed* Employment ment Rate* (000's) Insurance (%) Beneficiaries* 5.3 1,676 32,489 5.1 1,732 33,931 4.7 1,778 28,869 4.0 1,827 22,378 3.4 1,917 18,834 3.6 1,991 16,838 3.6 2,053 17,702
Wages and Salaries* ($000,000) 63,400 66,266 72,707 82,878 95,678 106,654 115,487
Average Retail Food/Drinking New Motor Wholesale Weekly Trade* Places Receipts Vehicle Trade* Earnings* ($) ($000,000) ($000,000) Sales (#) ($000,000) 693 37,663 4,610 204,806 36,987 717 39,318 4,727 194,451 39,967 741 43,349 5,030 196,153 44,941 784 48,486 5,450 222,361 52,124 823 55,942 6,051 248,731 58,427 871 61,487 6,410 257,050 60,587 923 61,614 6,618 238,413 66,361
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
4.8 5.7 5.9 6.3 6.8 6.9 7.2 7.2 6.8 7.1 7.3 6.7 6.6
2,066 2,041 2,036 2,030 2,025 2,019 2,014 2,014 2,021 2,006 2,015 2,021 2,025
25,680 34,180 44,010 50,940 56,630 62,860 62,310 58,030 71,770 73,120 72,090 67,050 56,556
9,458 9,374 9,275 9,213 9,193 9,142 9,099 9,016 9,094 9,097 9,163 9,225 110,348
948 965 964 936 944 954 942 934 953 950 963 949 950
4,738 4,664 4,606 4,618 4,656 4,721 4,716 4,693 4,731 4,744 4,755 4,836 56,478
556 549 541 542 542 540 560 547 545 536 542 526 6,527
13,151 11,102 15,152 17,076 18,423 17,229 17,005 16,124 15,893 16,167 13,572 15,874 186,768
5,259 5,006 4,774 4,897 4,504 4,621 4,516 4,515 4,474 4,368 4,505 4,616 56,057
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
6.6 6.8 7.4 7.6 6.7 6.6 6.3 6.5 6.2 5.9 5.6 5.5 6.6
2,010 1,999 1,996 2,002 2,012 2,019 2,026 2,024 2,021 2,038 , 2,033 2,032 2,018
59,060 55,610 52,630 50,540 49,260 48,680 47,370 45,900 48,020 47,210 , 46,930 46,130 49,778
9,310 9,405 9,511 9,645 9,643 9,651 9,702 9,764 9,833 9,910 , 9,928 9,970 116,271
959 973 979 999 989 992 1,001 1,002 1,005 1,004 , 1,003 1,012 993
4,951 4,952 4,963 4,876 4,873 4,880 4,899 4,970 5,018 5,058 , 5,214 5,202 59,856
546 542 551 545 557 563 554 557 558 566 558 570 6,665
12,525 13,770 17,476 18,254 19,293 19,503 18,748 18,491 18,079 16,117 , 16,009 16,272 204,537
4,686 4,809 4,884 5,005 4,881 4,942 5,027 5,193 5,326 5,300 , 5,388 5,407 60,848
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
5.9 5.7 5.7 5.9 5.4 5.5 5.5 5.6 5.3 5.1 5.0 4.9 5.5
2,054 2,068 2,064 2,060 2,069 2,091 2,103 2,110 2,118 2,126 2,130 2,133 2,094
44,120 42,180 38,960 37,480 34,490 34,310 32,300 32,360 30,190 29,460 29,410 29,490 34,563
10,091 10,216 10,308 10,406 10,422 10,408 10,463 10,624 10,677 10,765 10,816 10,915 126,113
1,030 1,030 1,023 1,031 1,043 1,028 1,032 1,051 1,044 1,053 1,050 1,050 1,039
5,084 5,141 5,162 5,243 5,266 5,278 5,250 5,331 5,422 5,587 5,638 5,603 64,006
567 579 589 593 596 604 606 592 604 610 609 623 7,173
13,124 13,728 19,544 20,364 20,169 22,212 19,387 20,191 19,426 19,351 18,686 17,965 224,147
5,435 5,409 5,499 5,464 5,671 5,845 5,805 5,949 6,049 6,283 6,309 6,255 69,973
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
4.9 5.0 5.3 4.9 4.5 4.6 4.6 4.4
2,135 2,128 2,132 2,143 2,153 2,144 2,150 2,154
29,260 27,650 26,700 25,060 24,060 23,880
10,876 10,981 11,135
1,056 1,055 1,054 1,059 1,055 1,071
5,649 5,623 5,667 5,643 5,702 5,629
630 633 634 632 642 638
16,217 16,586 22,061 20,591 24,726 23,502
6,289 6,324 6,268 6,532 6,629 6,431
Page 18
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
MLS Housing Resales (#) 51,042 51,334 57,460 65,866 74,350 71,430 56,399
Housing Starts (#, urban) 32,729 32,066 32,188 34,301 40,882 38,477 25,395
Building Permits Manufacturing ($000,000) Shipments* Alberta Calgary Edmonton ($000,000) 6,847 2,714 1,797 38,418 6,667 2,819 1,767 40,002 7,327 2,857 2,028 44,771 10,202 3,921 2,904 51,014 13,876 5,480 3,541 65,091 15,730 6,495 3,925 65,731 13,141 4,719 3,657 70,146
Energy Production Gas Oil/Equiv.
(Mlns m3) 170,828 166,623 167,676 168,327 167,385 165,594 157,664
(Tsds m3) 89,885 95,311 101,007 98,879 106,018 109,681 108,685
Rigs Drilling (#) 231 314 331 381 371 241 236
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
2,195 3,231 4,115 5,251 6,235 7,368 6,552 5,407 5,258 4,978 4,154 3,042 57,786
930 658 702 873 1,063 1,591 1,624 1,694 2,062 2,329 2,319 1,899 17,744
494 467 715 920 1,226 998 901 883 1,000 1,524 1,088 1,060 11,277
161 177 241 328 634 450 281 265 327 602 314 505 4,285
210 154 295 241 248 252 308 381 383 605 524 260 3,861
4,840 4,774 4,579 4,376 4,309 4,312 4,291 4,386 4,428 4,444 4,596 4,615 53,951
14,216 12,586 13,213 12,278 12,134 11,668 12,049 11,891 10,916 11,391 11,269 13,023 146,632
9,298 8,765 9,339 8,588 9,110 9,335 10,021 9,874 9,267 9,857 10,021 9,462 112,935
263 238 108 41 32 59 85 97 111 129 152 227 128
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
2,934 4,077 5,351 5,544 5,207 4,746 4,086 3,941 3,934 3,483 3,625 2,795 49,723
1,369 1,687 2,141 2,711 2,299 2,130 2,523 1,971 2,252 1,903 1,572 1,384 23,942
646 784 1,015 1,199 1,079 1,324 992 920 893 925 894 755 11,425
224 225 415 331 325 401 292 277 280 249 242 279 3,541
237 323 266 561 360 489 366 355 285 305 303 229 4,080
4,739 4,824 4,858 4,857 4,881 4,838 5,013 5,014 5,131 5,236 5,220 5,461 60,074
13,361 11,459 11,933 11,520 11,643 10,789 11,435 11,440 10,686 11,087 10,963 13,103 139,420
9,052 9,094 9,546 9,719 10,413 10,265 10,632 10,572 9,520 10,287 11,040 11,431 121,569
287 339 219 62 56 118 199 222 177 260 276 269 207
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
2,874 3,943 5,118 5,012 5,659 5,920 4,919 4,819 4,316 3,992 3,761 2,910 53,243
1,114 1,349 1,411 1,552 2,007 1,947 2,017 2,455 2,049 2,490 2,241 2,053 22,685
513 1,332 881 938 1,202 1,116 1,165 1,288 1,138 1,025 983 1,139 12,718
143 910 350 384 306 472 377 492 435 366 339 613 5,187
194 249 295 348 557 336 369 323 348 324 377 302 4,021
5,487 5,498 5,671 5,806 5,697 5,631 5,856 5,920 6,287 6,024 6,559 6,342 70,777
13,288 11,562 11,586 10,906 10,690 10,419 10,856 10,870 10,396 10,640 10,626 11,583 133,422
10,934 10,075 10,781 10,420 9,410 9,709 11,176 11,720 10,959 11,629 11,142 12,047 130,003
372 418 366 123 84 150 240 323 346 335 330 344 286
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
3,109 4,476 5,774 6,191 6,984 6,400 5,819
1,527 2,103 2,433 2,932 2,540 2,776 2,693 2,310
746 976 1,210 1,373 1,537 1,250 1,199
263 406 460 699 561 419 413
281 361 380 299 525 401 396
6,298 6,359 6,365 6,301 6,102 5,927 5,935
11,777 10,850 11,029 10,521 10,404 9,751
11,922 11,091 11,446 11,640 11,756 11,426 12,577
401 459 338 141 88 139 198 223
*Seasonally Adjusted
Page 19
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
Energy Prices WTI Crude Gas (US$/barrel) (C$/GJ) 26.09 3.68 31.04 5.81 41.40 5.98 56.56 7.87 66.22 6.22 72.32 5.88 99.66 7.47
International Exports ($000,000) 48,931 57,044 63,688 76,280 77,744 81,873 110,173
Bankruptcies Business Consumer (#) (#) 1,998 8,234 1,636 9,160 1,565 8,719 1,194 7,542 666 5,248 449 4,768 447 6,066
Incorporations Alberta Non-Alberta (#) (#) 28,141 2,001 30,680 1,891 32,276 2,041 38,038 2,284 45,527 2,680 45,920 2,871 40,708 2,807
International Travellers (#, direct entries)** 826,384 806,307 913,320 906,714 881,623 953,937 953,149
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
41.92 39.21 48.06 49.95 59.21 69.70 64.29 71.14 69.47 76.08 78.15 74.60 61.82
5.77 4.66 4.01 3.41 3.13 2.97 2.94 2.72 2.48 3.40 3.77 4.51 3.65
6,431 5,523 5,829 5,170 4,571 5,935 6,304 5,878 5,711 5,794 5,928 6,856 69,929
39 44 31 24 34 33 35 33 35 33 32 32 405
696 706 951 838 847 1,021 872 882 1,163 690 686 634 9,986
2,926 2,354 2,680 2,760 2,509 2,978 2,682 2,494 2,827 2,817 2,892 2,833 32,752
205 213 199 194 191 212 178 169 206 228 191 205 2,391
47,573 48,459 53,224 52,360 72,054 113,758 148,990 112,877 84,836 49,782 38,576 59,034 881,523
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
78.40 76.45 81.29 84.57 74.12 75.40 76.38 76.67 75.55 81.97 84.31 89.23 79.53
4.88 4.68 4.05 3.26 3.37 3.49 3.42 3.25 3.14 2.92 3.04 3.34 3.57
6,621 6,391 6,633 6,286 6,525 6,730 6,646 6,512 6,234 6,305 , 6,120 7,589 78,594
27 30 48 37 35 23 27 30 34 24 19 44 378
684 637 776 744 672 778 626 615 732 700 667 519 8,150
3,082 2,833 3,524 3,019 2,928 3,120 2,892 2,647 3,109 2,946 , 3,176 3,121 36,397
212 244 261 249 210 209 184 264 235 230 214 217 2,729
42,212 46,578 55,020 46,838 68,056 113,817 146,075 114,313 86,475 54,754 , 39,384 53,867 867,389
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
89.58 89.74 102.98 110.04 101.36 96.29 97.34 86.34 85.61 86.43 97.16 98.58 95.12
3.49 3.40 3.19 3.30 3.39 3.51 3.42 3.32 3.24 3.17 2.99 2.92 3.57
7,454 6,776 7,863 6,858 7,477 7,590 7,735 8,110 7,929 7,657 7,933 8,795 92,176
30 22 26 17 22 16 15 26 23 30 19 18 264
578 636 680 640 617 649 534 595 525 515 577 483 7,029
3,357 2,960 5,180 2,646 3,024 3,172 2,706 2,878 3,163 3,110 3,034 3,151 38,381
261 240 251 225 274 264 219 241 236 242 246 243 2,942
38,456 40,411 46,012 45,698 67,706 106,140 138,569 109,496 84,522 54,274 40,693 55,522 827,499
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
100.32 102.26 106.21 103.35 94.72 82.41 87.93 94.16
2.56 2.13 1.83 1.63 1.58 1.75 1.92
8,561 7,948 8,625 8,338 7,613 7,730 7,993
20 25 19 20 28 22
517 533 568 523 515 484
3,512 3,126 3,610 3,249 3,431 3,200 2,757 3,096
297 265 302 307 301 283 261 264
38,967 41,755 50,314 47,803 68,481 112,779 144,401
*Seasonally Adjusted **Excluding same day travel.
Page 20
Historic and Current Economic Indicators Selected Series - Alberta
Exchange Rates
Consumer Price Index (2002 = 100)
Prime Rates Canada U.S. (Cdn$/US$) (Cdn$/EURO) (%) (%) 1.5706 1.4838 4.21 4.67 1.4010 1.5823 4.69 4.13 1.3013 1.6169 4.00 4.38 1.2114 1.5085 4.42 6.23 1.1343 1.4244 5.81 7.98 1.0740 1.4690 6.10 8.00 1.0671 1.5603 4.73 4.94
2002 2003 2004 2005 2006 2007 2008
Alberta 100.0 104.4 105.9 108.1 112.3 117.9 121.6
Shelter 100.0 108.1 109.8 113.5 124.8 140.0 151.1
Energy 100.0 119.2 123.8 136.2 142.7 153.0 172.3
Edmonton 100.0 105.3 106.4 108.6 112.0 117.4 121.4
Calgary 100.0 103.5 105.3 107.4 112.3 117.9 121.8
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
120.2 121.5 120.9 120.4 121.4 122.0 121.5 122.0 121.5 121.6 122.6 121.9 121.5
150.3 151.8 148.6 146.3 145.8 146.2 146.1 147.4 145.2 145.4 147.9 147.4 147.4
135.7 146.5 137.4 131.2 133.5 141.4 137.4 143.9 136.2 133.1 144.5 141.0 138.5
120.2 121.5 120.9 120.5 121.6 122.2 121.8 122.1 121.7 121.8 122.7 122.0 121.6
120.7 121.9 121.3 120.8 121.5 122.1 121.6 122.1 121.6 121.9 122.7 122.1 121.7
1.2263 1.2451 1.2645 1.2240 1.1509 1.1265 1.1223 1.0882 1.0818 1.0549 1.0596 1.0544 1.1415
1.6230 1.5929 1.7910 1.8010 1.7767 1.5785 1.5820 1.5517 1.5764 1.5632 1.5799 1.5380 1.6295
3.00 3.00 2.50 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.40
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
122.3 122.7 122.1 122.3 122.7 122.7 123.3 122.7 122.6 123.0 122.7 122.9 122.7
148.5 148.2 146.7 145.3 145.6 147.5 149.7 147.9 147.9 147.7 147.1 149.1 147.6
148.3 144.5 141.5 137.1 138.9 140.8 149.2 145.1 144.2 140.6 137.8 147.5 143.0
122.4 122.9 122.3 122.6 122.8 122.7 123.5 122.9 122.8 123.3 123.0 123.1 122.9
122.4 122.8 122.3 122.4 122.8 122.9 123.3 122.7 122.6 122.9 122.7 122.8 122.7
1.0429 1.0568 1.0230 1.0051 1.0399 1.0379 1.0427 1.0414 1.0331 1.0180 1.0128 1.0077 1.0301
1.4882 1.4453 1.3882 1.3480 1.3054 1.2685 1.3358 1.3420 1.3535 1.4150 1.3813 1.3335 1.3671
2.25 2.25 2.25 2.25 2.25 2.50 2.75 2.75 3.00 3.00 3.00 3.00 2.60
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
123.5 124.2 124.5 126.0 126.1 125.3 125.7 126.3 126.0 127.2 126.6 126.5 125.7
149.2 151.1 148.5 153.6 149.3 150.4 152.8 154.8 150.2 155.7 153.0 156.6 152.1
151.8 158.1 156.4 176.7 169.1 164.9 170.3 176.0 163.1 176.5 163.5 171.0 166.5
123.9 124.3 124.8 126.2 126.5 125.6 125.9 126.6 126.4 127.6 126.9 126.7 126.0
123.3 124.2 124.3 125.6 125.8 124.9 125.5 125.9 125.7 126.9 126.3 126.2 125.4
0.9938 0.9876 0.9766 0.9582 0.9680 0.9768 0.9553 0.9828 1.0026 1.0198 1.0258 1.0238 0.9893
1.3285 1.3486 1.3691 1.3850 1.3885 1.4067 1.3636 1.4092 1.3778 1.4000 1.3895 1.3470 1.3761
3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
127.1 126.6 126.6 127.0 126.6 126.9 126.8
157.5 155.1 150.5 149.9 147.9 150.8 151.4
173.8 169.3 161.5 161.1 152.3 161.2 160.8
127.3 126.9 127.0 127.4 127.0 127.2 127.1
126.7 126.3 126.3 126.7 126.2 126.5 126.4
1.0133 0.9965 0.9939 0.9926 1.0098 1.0281 1.0139 0.9921
1.3068 1.3194 1.3126 1.3066 1.2918 1.2892 1.5804 1.2307
3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Page 21
SOURCES OF INFORMATION All series were obtained from Statistics Canada, with the following exceptions: Bankruptcies
Industry Canada, Office of the Superintendent of Bankruptcy http://strategis.ic.gc.ca/eic/site/bsfosb.nsf/eng/h_br01011.html
Business Incorporations
Service Alberta, Corporate Registry
Crude Oil Prices
Alberta Energy http://www.phoenixenergymarketing.com/historical_commodity _price_data.htm
Exchange Rates
Bank of Canada, Financial Markets Department, Monthly Average of Exchange Rates (monthly) www.bankofcanada.ca/en/rates/exchange.html
Housing Starts (urban)
Canada Mortgage and Housing Corporation, Preliminary Housing Starts data (monthly) http://www.cmhc-schl.gc.ca/en/hoficlincl/homain/stda/index.cfm
Interest Rates
Bank of Canada, Weekly Financial Statistics (weekly) http://epe.lac-bac.gc.ca/100/201/301/weekly_fin_stats/
Major Construction Projects
Alberta Enterprise and Advanced Education, Inventory of Major Alberta Projects (monthly) http://www.albertacanada.com/about-alberta/inventory-of-majorprojects.html
Multiple Listing Service (housing resales)
The Canadian Real Estate Association
Natural Gas Prices
Alberta Energy, www.energy.gov.ab.ca/xdata/gas/refprice/monthlyref.asp
Natural Gas (production and deliveries)
Energy Resource Conservation Board, Energy Resource Conservation Board
Rig Activity
Canadian Association of Oilwell Drilling Contractors, http://www.caodc.ca/
Many of the figures presented in this report are preliminary estimates subject to revision.
Page 22
Alberta Enterprise and Advanced Education 5th Floor, Commerce Place 10155 - 102 Street Edmonton, AB T5J 4L6 Telephone: 780.427.6787 Fax: 780.422.2091 Website:www.albertacanada.com
You can access the Monthly Economic Review and the following related department publications on the Internet at: http://albertacanada.com/about-alberta/economic-highlights.html ♦ ♦ ♦ ♦ ♦
Alberta Oil Sands Industry Quarterly Update Inventory of Major Alberta Projects Highlights of the Alberta Economy Alberta Natural Gas Industry Quarterly Update Facts on Alberta
© 2012 Government of Alberta ISSN: 1194-5648 ISSN: 1911-2521 (pdf) Printed in Canada
Monthly Economic Review
MONTHLY ECONOMIC REVIEW September 2012
TABLE OF CONTENTS Page
Current Economic Indicators •
Labour Force Indicators ..................................................................................... 2
•
Industry Labour Force ........................................................................................ 3
•
Employment Insurance, Wages and Salaries, Average Weekly Earnings, and Migration............................................................................................................. 4
•
Retail Trade, Food Services and Drinking Places Receipts, New Motor Vehicle Sales, and Wholesale Trade............................................... 5
•
Multiple Listing Service (MLS) Housing Resales, Housings Starts, and Building Permits ................................................................................................. 6
•
Manufacturing and Agriculture ........................................................................... 7
•
Energy Production and Deliveries, Rig Activity, and Energy Prices ..................
•
Exports by Commodity, Top 10 Countries ......................................................... 9
•
Bankruptcies, Business Incorporations, and International Travelers .................
10
•
Consumer Price Index, Exchange Rates, and Interest Rates............................
11
8
Interprovincial Comparisons of Economic Indicators •
Population, Unemployment Rate, Employed, and Employment Insurance .......
•
Wages and Salaries, Retail Trade, New Motor Vehicle Sales, and
12
Wholesale Trade, ............................................................................................... 13 •
Urban Housing Starts, Building Permits, Manufacturing, and Agriculture..........
14
•
Exports, Consumer and Business Bankruptcies, and Consumer Price Index ...
15
Regional Economic Indicators •
Labour Force and Population ............................................................................. 16
•
Major Construction Projects and Building Permits ............................................. 17
Historical and Current Economic Indicators •
Unemployment Rate, Employed, Employment Insurance Beneficiaries, Wages and Salaries, Average Weekly Earnings, Retail Trade, Food Services and Drinking Places Receipts, New Motor Vehicle Sales, and Wholesale Trade ................................................................................................ 18
•
MLS Housing Resales, Housing Starts, Building Permits, Manufacturing Shipments, Energy Production, and Rigs Drilling ......................
•
19
Energy Prices, International Exports, Bankruptcies, Incorporations, and International Travelers…. ................................................................................... 20
•
Consumer Price Index, Exchange Rates, and Prime Rates ..............................
21
Sources of Information ............................................................................................... 22
Current Economic Indicators September 2012 Highlights Labour Force: In August 2012, Alberta’s seasonally adjusted un employment rate wa s 4.4%, down from July’s 4.6%, mainly as result of a fall of 3,700 in the number of un employed and a rise of 3,900 in the number of employed individuals. Alberta’s unemployment rate is now tied with Saskatche wan’s at 4.4% for the lowest unemployment rate in th e country. Over the past 12 months, the n umber of people employed has increased b y 2.1% or 43,300. The largest employment gains were noted in mining, oil an d gas extraction (u p 39,300), construction (up 19,000), other services (up 8,800) and agriculture (up 7,100). In June 2012, there were 23,880 employment insurance recipients in Alberta, 30.4% fewer than in Ju ne 2011. Total wages and salaries paid to all Alberta emp loyees in the first half of 2012 was 7.8% highe r than for the same period in 2011. Consumer Spending: In June 2012, retail sales in Alb erta rose 6.6% from Ju ne 2011 to $5.6 billion. From Janu ary to June of 2012, retail sales rose 8.8% from the sa me period last year, the highest growth rate of all provinces. The lar gest in creases were recorded for motor and recreationa l vehicle s (up 17.2%), clothing and accessories (up 12.8%) and general merchandise (up 8.4%). Retail sales in Canada rose 3.4% over the same period. Construction: In Au gust, urba n housing starts in Alberta decre ased by 11.1% from August 2011 to 2,310. Multiple-dwelling start s fell by 16.7% while sin gle-detached starts fell by 6.5% as compared to August 2011. On a year-to-date basis, ur ban housing starts increased by 36.2% from the same period last year. Over the same period, urban starts in Canada rose by 15.4%. Alberta mu nicipalities issued $1.1 billion in b uilding permits in July, up 0.5% from July 2011. From January to July 2012, the value of Alberta buildin g permits rose 15.5% from the same period last year.
Energy: Be tween August 2011 an d August 2012, the average nu mber of active drilling rigs fell by 31.0% to 223 . In June 20 12, crude oil production rose by 17.7% from June 2011 while natural gas production fell by 6 .4% over the same period. Manufacturing: In July, the value of Alberta’s manufacturing shipments was $5.9 billion, up 1.4% from July 2011. On a year-to-date basis, manufacturing shipments rose 9.2% from the same period last year to $43.3 b illion. The largest gain s were registered by computers and electro nics (up 53.0%), metal fabricating (up 23.8%), machinery (up 30.1%) and nonmetallic mineral pro ducts (up 22.6%). Nationally, manufacturing shipmen ts rose by 5.2%. Exports: In July, the value of Alberta’s international merchandise exports was $7.9 billion, ro ughly the same as what was recorded in July 2011. An increase of 1.0% was register ed for mining and energy and a 1.6% increase was recor ded for manufacturing. Primary agricultura l exports fell by 21.3 % over the same time. On a yearto-date basis, Alberta exports were up 7.8% from the sa me period i n 2011: large gains were noted for primary agriculture ( up 9.5%), mining and energy (up 8. 2%) and manufacturing (up 5.8 %). Canadian exports increased by 6.9% over the same period. Bankruptcies and Incorporations: In June, the numb er of bu siness ba nkruptcies increased b y 37.5% from June 2011, while consumer bankruptcie s decreased by 25.4%. On a year-to-date basis, the n umber of business bankruptcies rose 0 .8% and consumer bankruptcie s fell by 17.4% as compared to the same period in 2011. Fro m January to August of 2012, the number of business incorporation s rose 1 .3% as compared to the same period in 2011.
Page 1
CURRENT ECONOMIC INDICATORS LABOUR FORCE INDICATORS (seasonally adjusted) Alberta Labour Force (000's) Calgary Edmonton Employed (000's) Calgary Edmonton Employment Rate (%) Calgary Edmonton Unemployment (000's) Calgary Edmonton Unemployment Rate (%) Calgary Edmonton Participation Rate (%) Calgary Edmonton
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
2011
2012
2,202.6 762.7 702.2 2,078.5 717.1 662.6 69.3 69.7 69.0 124.2 45.5 39.6 5.7 6.0 5.6 73.5 74.1 73.1
2,225.9 781.1 713.5 2,104.3 735.3 675.4 69.9 71.2 70.1 121.6 45.8 38.1 5.5 5.9 5.3 74.0 75.6 74.0
2,253.0 786.9 727.5 2,150.0 750.3 694.8 69.9 71.0 70.3 103.0 36.6 32.6 4.6 4.7 4.5 73.3 74.5 73.6
2,249.9 783.6 717.2 2,142.4 745.6 682.1 70.1 71.0 69.5 107.5 38.0 35.0 4.8 4.9 4.9 73.7 74.6 73.1
AUGUST
JULY
47.3 20.9 15.0 64.0 28.5 19.5 0.8 1.3 0.5 -16.7 -7.5 -4.5 -0.9 -1.1 -0.7 0.2 0.5 -0.1
Yearly Change 27.1 5.8 14.0 45.7 15.0 19.4 0.0 -0.2 0.2 -18.6 -9.2 -5.5 -0.9 -1.2 -0.8 -0.7 -1.1 -0.4
2011
2012
2,235.4 789.4 719.7 2,110.6 739.5 679.1 70.0 71.5 70.3 124.8 49.9 40.5 5.6 6.3 5.6 74.2 76.3 74.5
2,253.2 782.4 732.2 2,153.9 746.4 699.2 69.9 70.5 70.5 99.3 36.0 33.0 4.4 4.6 4.5 73.2 73.9 73.9
Yearly Change 17.8 -7.0 12.5 43.3 6.9 20.1 -0.1 -1.0 0.2 -25.5 -13.9 -7.5 -1.2 -1.7 -1.1 -1.0 -2.4 -0.6
Note: Calgary and Edmonton estimates are 3-month moving averages.
ADDITIONAL LABOUR FORCE INDICATORS (unadjusted) Alberta Male Unemployment Rate (%) Female Unemployment Rate (%) Youth Unemployment Rate (%) Working Age Population (000's) Calgary Edmonton Employed (000's) Full-time Part-time
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
2011
2012
6.1 5.5 11.2 2,998.1 1,028.3 960.3 2,079.2 1,721.6 357.7
6.0 5.6 11.9 3,009.8 1,033.0 964.1 2,127.9 1,804.0 324.0
4.4 5.0 8.5 3,073.9 1,056.5 988.4 2,180.0 1,869.3 310.7
4.8 4.9 8.9 3,055.1 1,050.1 981.6 2,143.9 1,794.4 349.5
AUGUST
JULY
-1.3 -0.6 -2.3 57.1 21.8 21.3 64.7 72.8 -8.1
Yearly Change -1.6 -0.6 -3.4 64.1 23.5 24.3 52.1 65.3 -13.3
2011
2012
5.6 7.3 10.7 3,014.6 1,034.9 965.8 2,127.7 1,806.8 320.9
4.0 6.4 8.9 3,079.6 1,059.1 991.2 2,173.6 1,868.3 305.3
Yearly Change -1.6 -0.9 -1.8 65.0 24.2 25.4 45.9 61.5 -15.6
Note: Calgary and Edmonton estimates are 3-month moving averages.
EMPLOYMENT 2,200
UNEMPLOYMENT RATE
Thousands, Seasonally Adjusted
8.0%
Seasonally Adjusted Rate
7.5% 2,100
7.0% 6.5%
2,000
6.0% 5.5%
1,900 5.0% 4.5%
1,800
4.0% 3.5%
1,700
3.0% 1,600 Aug04
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
2.5% Aug04
Page 2
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
INDUSTRY LABOUR FORCE (unadjusted) Alberta Agriculture Unemployment Rate (%) Employed (000's) Mining and Oil and Gas Extraction Unemployment Rate (%) Employed (000's) Construction Unemployment Rate (%) Employed (000's) Manufacturing Unemployment Rate (%) Employed (000's) Wholesale Trade Unemployment Rate (%) Employed (000's) Retail Trade Unemployment Rate (%) Employed (000's) Transportation and Warehousing Unemployment Rate (%) Employed (000's) Finance, Insurance, Real Estate and Leasing Unemployment Rate (%) Employed (000's) Professional, Scientific and Technical Services Unemployment Rate (%) Employed (000's) Business, Building and Other Support Services Unemployment Rate (%) Employed (000's) Educational Services Unemployment Rate (%) Employed (000's) Health Care and Social Assistance Unemployment Rate (%) Employed (000's) Information, Culture and Recreation Unemployment Rate (%) Employed (000's) Accommodation and Food Services Unemployment Rate (%) Employed (000's) Other Services Unemployment Rate (%) Employed (000's) Public Administration Unemployment Rate (%) Employed (000's)
NOTE: "n/a" is reported in instances of insufficient response.
JANUARY - AUGUST AVERAGE Yearly 2011 2012 Change
JULY
2011
2012
AUGUST Yearly Change
2011
2012
Yearly Change
n/a 49.6
n/a 55.4
n/a 5.8
n/a 47.8
n/a 57.4
n/a 9.6
5.2 55.0
3.4 62.1
-1.8 7.1
3.2 148.2
3.2 176.6
0.0 28.4
2.2 151.4
4.0 175.7
1.8 24.3
2.2 142.1
2.4 181.4
0.2 39.3
7.3 207.2
5.0 225.7
-2.3 18.5
5.7 219.1
3.9 249.6
-1.8 30.5
4.0 224.9
4.8 243.9
0.8 19.0
3.8 142.6
2.6 134.8
-1.2 -7.7
3.6 146.1
2.1 140.8
-1.5 -5.3
3.7 148.1
2.5 138.7
-1.2 -9.4
n/a 93.6
3.2 81.4
n/a -12.2
n/a 89.2
4.9 79.1
n/a -10.1
n/a 87.1
2.2 87.0
n/a -0.1
5.2 225.8
3.8 241.9
-1.4 16.1
5.0 243.1
3.2 242.4
-1.8 -0.7
5.6 241.7
2.8 231.5
-2.8 -10.2
3.3 104.2
2.2 113.7
-1.1 9.5
3.8 110.2
2.7 122.1
-1.1 11.9
3.8 110.1
2.8 115.4
-1.0 5.3
n/a 99.6
2.0 101.0
n/a 1.4
2.4 102.0
110.8
n/a 8.8
1.8 107.7
2.0 110.6
0.2 2.9
2.9 164.8
2.5 156.4
-0.4 -8.4
2.0 163.7
2.5 156.8
0.5 -6.9
2.6 166.1
1.0 158.4
-1.6 -7.7
7.2 72.9
5.6 73.3
-1.6 0.3
7.1 74.8
5.4 79.3
-1.7 4.5
8.8 79.2
3.3 84.7
-5.5 5.5
n/a 127.1
3.5 126.1
n/a -1.0
7.6 106.8
7.5 103.7
-0.1 -3.1
12.5 105.4
12.5 108.7
0.0 3.3
2.7 222.0
1.5 229.6
-1.2 7.6
2.2 226.4
1.6 222.9
-0.6 -3.5
4.3 222.1
1.8 225.2
-2.5 3.1
6.0 78.8
4.8 72.0
-1.3 -6.8
5.0 93.2
3.4 73.1
-1.6 -20.1
5.9 90.0
7.0 67.6
1.1 -22.4
5.2 133.8
4.3 136.0
-0.9 2.2
5.5 140.4
3.9 137.9
-1.6 -2.5
5.0 136.2
4.4 135.0
-0.6 -1.2
3.3 103.4
2.7 106.2
-0.6 2.8
3.4 104.6
4.3 104.9
0.9 0.3
2.7 100.8
3.4 109.6
0.7 8.8
n/a 85.5
n/a 90.2
n/a 4.7
2.5 88.3
95.3
n/a 7.0
3.0 92.5
n/a 87.6
n/a -4.9
Page 3
JANUARY - JUNE AVERAGE EMPLOYMENT INSURANCE Alberta Number of Recipients, seasonally adj.
WAGES AND SALARIES ($000,000) Alberta Total, seasonally adjusted
2011
2012
38,590
26,102
MAY
Per cent Change -32.4
2012
34,490
24,060
JANUARY - JUNE Per cent 2011 2012 Change
2011
2012
61,869
10,420
11,199
66,669
2011
2012
1,031
MIGRATION Alberta International Immigration Emigration Returning Canadians Temporarily abroad Net Non-Permanent Residents Net international migration Interprovincial In-migration Out-migration Net Interprovincial migration
1,058
-30.2
2011
2012
Per cent Change
34,310
23,880
-30.4
MAY
7.8
JUNE Per cent Change 7.5
2011
2012
10,409
11,330
MAY
Per cent Change
2011
2.7
1,043
Per cent Change 8.9
JUNE Per cent Change
2012 1,055
1.2
JANUARY - DECEMBER Per cent 2010 2011 Change
OCTOBER - DECEMBER Per cent 2010 2011 Change
32,643 8,624 2,843 2,307 (9,558) 14,997
30,958 8,670 2,843 2,308 3,075 25,898
-5.2 0.5 0.0 0.0 n/a 72.7
6,667 2,003 454 556 (6,794) (2,232)
8,305 2,011 454 556 105 6,297
24.6 0.4 0.0 0.0 n/a n/a
70,033 65,417 4,616
87,064 67,923 19,141
24.3 3.8 314.7
16,072 13,562 2,510
18,819 12,809 6,010
17.1 -5.6 139.4
EMPLOYMENT INSURANCE 80,000
Per cent Change
2011
JANUARY - JUNE AVERAGE AVERAGE WEEKLY EARNINGS ALL EMPLOYEES Alberta $/week, seasonally adjusted
JUNE
2011
2012
1,028
1,071
Per cent Change 4.1
JANUARY - MARCH Per cent 2011 2012 Change
5,744 1,479 487 486 (558) 3,708 20,556 15,281 5,275
7,515 1,486 487 486 2,642 8,672
30.8 0.5 0.0 0.0 n/a 133.9
26,910 13,514 13,396
30.9 -11.6 154.0
AVERAGE WEEKLY EARNINGS
Seasonally Adjusted, Number of Beneficiaries
$1,100
Seasonally Adjusted, $/Week
75,000 $1,050
70,000 65,000
$1,000
60,000 $950
55,000 50,000
$900 45,000 40,000
$850
35,000 $800
30,000 25,000
$750
20,000 15,000 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
$700 Jun04
Page 4
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
JANUARY - JUNE Per cent 2011 2012 Change
RETAIL TRADE ($000,000) Alberta Total All Stores, seasonally adjusted Motor and Recreational Vehicles Gasoline Service Stations Furniture, Furnishings, Electronics Building and Outdoor Home Supplies Food and Beverage Pharmacies and Personal Care Clothing and Accessories General Merchandise Miscellaneous Retailers
31,175 7,875 4,048 2,115 1,569
33,912 9,228 4,373 2,202 1,695
6,212 1,386 1,556 3,694 680
6,503 1,458 1,755 4,006 722
MAY 2011
8.8 17.2 8.0 4.1 8.0 4.7 5.2 12.8 8.4 6.2
2012
5,266 1,511 731 360 358
5,702 1,898 783 376 396
1,075 238 297 713 120
1,153 263 336 778 130
Note: The Total All Stores series is seasonally adjusted; the sales by store type series are not seasonally adjusted.
JANUARY - JUNE FOOD SERVICES AND DRINKING PLACES RECEIPTS ($000,000) Alberta Total, seasonally adjusted
2011 3,530
3,810
7.9
JANUARY - JUNE Per cent 2011 2012 Change
NEW MOTOR VEHICLE SALES Alberta Total Number Sold, unadjusted Passenger Vehicles Trucks
109,141 27,492 81,649
123,683 31,036 92,647
8.3 25.6 7.2 4.5 10.4 7.2 10.7 13.1 9.0 8.4
2011
2012
5,278 1,608 716 370 378
5,629 1,753 769 377 377
1,112 229 284 689 129
1,188 252 332 741 139
MAY
Per cent Change
2012
JUNE Per cent Change
2011
2012
596
642
6.6 9.0 7.3 1.8 -0.1 6.9 10.3 16.7 7.6 7.6
JUNE Per cent Change 7.6
MAY
13.3 12.9 13.5
Per cent Change
Per cent Change
2011
2012
20,169 5,557 14,612
24,726 6,400 18,326
22.6 15.2 25.4
2011
2012
604
638 JUNE
2011
2012
22,212 5,856 16,356
23,502 6,283 17,219
Per cent Change 5.6
Per cent Change 5.8 7.3 5.3
Note: Trucks include minivans, sport-utility vehicles, light and heavy trucks, vans and buses regardless of their intended use. Passenger vehicles also include taxis and rental cars.
JANUARY - JUNE Per cent 2011 2012 Change
WHOLESALE TRADE ($000,000) Alberta Total All Merchants, seasonally adjusted
33,323
38,473
2011
15.5
JUNE Per cent Change
2012
5,671
6,629
16.9
2011
2012
5,845
6,431
Per cent Change 10.0
NEW MOTOR VEHICLE SALES
RETAIL AND WHOLESALE TRADE
$7.0
MAY
Seasonally Adjusted, Billions
28
Wholesale Trade
Unadjusted, Thousands
26
$6.5
24
$6.0
22 $5.5 20 $5.0 18
Retail Trade
$4.5
16
$4.0
14
$3.5 $3.0 Jun04
12
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
Page 5
10 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
Jun12
JUNE
JANUARY - JULY Per cent 2011 2012 Change
MULTIPLE LISTING SERVICE (MLS) HOUSING RESALES Alberta Total (number) Calgary Edmonton Total Value ($000,000) Calgary Edmonton
33,522 14,200 10,653 11,927 5,757 3,482
38,753 17,104 11,451 14,136 7,072 3,858
2011
15.6 20.5 7.5 18.5 22.8 10.8
14,485 8,889 5,596 5,425 5,890
19,733 9,769 9,964 8,993 7,821
6,400 2,832 1,913 2,367 1,195 651
2011
8.1 16.7 0.6 10.7 19.6 4.2
4,996 1,975 1,603 1,771 785 536
JULY
JANUARY - AUGUST Per cent 2011 2012 Change
HOUSING STARTS (urban) Alberta Total Single Detached All Others* Calgary Edmonton
2012
5,920 2,427 1,901 2,138 1,000 625
JULY Per cent Change
2011
36.2 9.9 78.1 65.8 32.8
2,144 1,362 782 658 1,034
2,693 1,477 1,216 910 1,435
5,819 2,502 1,725 2,118 1,025 582
16.5 26.7 7.6 19.6 30.5 8.5
AUGUST Per cent Change
2012
Per cent Change
2012
2011
25.6 8.4 55.5 38.3 38.8
2,599 1,410 1,189 1,237 805
Per cent Change
2012 2,310 1,319 991 1,039 918
-11.1 -6.5 -16.7 -16.0 14.0
* Includes: two-family, row, and apartment dwellings
JUNE
JANUARY - JULY Per cent 2011 2012 Change
BUILDING PERMITS ($000,000) Alberta Total Value, seasonally adjusted Total Value, unadjusted Calgary Edmonton Residential Calgary Edmonton Industrial Calgary Edmonton Commercial Calgary Edmonton Institutional/Government Calgary Edmonton
7,196.5 7,195.6 2,941.4 2,385.6 3,897.7 1,433.4 1,508.0 992.4 687.2 72.8 2,011.7 695.5 694.0 293.7 125.2 110.8
8,235.1 8,291.1 3,221.6 2,642.4 4,684.1 1,872.9 1,714.4 809.2 169.1 147.2 2,276.8 1,007.2 607.7 521.1 172.4 173.1
14.4 15.2 9.5 10.8 20.2 30.7 13.7 -18.5 -75.4 102.2 13.2 44.8 -12.4 77.4 37.7 56.2
2011
2012
1,003.7 1,116.3 471.9 335.6 670.9 264.6 213.9 58.0 33.2 4.4 338.2 153.9 93.2 49.2 20.2 24.1
1,136.7 1,250.3 419.3 401.1 748.1 264.6 272.3 111.1 31.9 19.3 329.5 112.8 99.1 61.7 10.0 10.4
13.3 12.0 -11.2 19.5 11.5 0.0 27.3 91.4 -3.9 343.5 -2.6 -26.7 6.4 25.4 -50.6 -57.1
HOUSING STARTS / MLS RESALES
9.0
Thousands
7.5
JULY Per cent Change
Per cent Change
2011
2012
1,091.7 1,171.9 376.6 369.3 679.3 236.9 244.6 68.2 8.4 6.9 381.5 102.2 112.9 42.8 29.1 5.0
1,097.5 1,199.5 413.2 395.5 713.9 267.1 275.7 144.2 41.6 25.5 310.1 92.4 91.1 31.2 12.1 3.3
0.5 2.4 9.7 7.1 5.1 12.7 12.7 111.4 394.3 271.3 -18.7 -9.6 -19.3 -27.1 -58.3 -34.4
BUILDING PERMITS
5.0
$2,000
4.0
$1,600
3.0
$1,200
2.0
$800
1.0
$400
Seasonally Adjusted, Millions
6.0
4.5
3.0
1.5
MLS Resales - left scale 0.0 Aug04
Housing Starts - right scale Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
$0 Jul04
0.0 Aug12
Page 6
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
MANUFACTURING (Value of shipments of goods of own manufacture $000,000) Alberta Total, seasonally adjusted Total, unadjusted Food Products Plastics & Rubber Products Metal Fabricating Printing & Publishing Non-Metallic Mineral Products Petroleum & Coal Products Chemicals & Chemical Products Wood Products Furniture & Fixtures Paper & Allied Computers & Electronics Machinery Other Manufacturing*
JANUARY - JULY Per cent 2011 2012 Change 39,645.7 39,138.7 6,402.6 826.0 2,938.0 476.2 1,008.6 10,408.2 7,244.2 1,248.3 454.8 1,060.3 252.6 4,219.8 2,599.0
43,287.0 42,888.7 6,965.7 741.8 3,636.8 479.7 1,236.2 10,547.1 7,286.4 1,492.5 477.5 881.8 386.4 5,488.3 3,268.4
9.2 9.6 8.8 -10.2 23.8 0.7 22.6 1.3 0.6 19.6 5.0 -16.8 53.0 30.1 25.8
JUNE
JULY
Per cent Change
2011
2012
5,631.4 5,705.1 944.1 137.1 432.1 69.7 192.2 1,523.4 914.4 193.4 70.2 151.7 40.0 639.7 397.3
5,926.6 5,891.4 1,054.2 133.8 517.0 70.9 234.5 1,214.4 888.4 248.6 71.9 144.1 60.9 809.8 442.9
5.2 3.3 11.7 -2.4 19.7 1.8 22.0 -20.3 -2.8 28.5 2.4 -5.0 52.3 26.6 11.5
2011
2012
5,855.7 5,879.8 984.6 127.1 451.0 58.3 197.9 1,610.7 1,073.6 178.4 67.2 143.7 32.5 570.9 383.9
5,935.0 5,886.8 1,032.4 n/a 470.2 63.2 234.8 1,218.4 985.3 255.1 69.2 n/a 47.5 778.1 732.7
Per cent Change 1.4 0.1 4.8 n/a 4.3 8.4 18.6 -24.4 -8.2 43.0 3.0 n/a 46.2 36.3 90.9
*Other Manufacturing is derived residually, by deducting the sum of the above industries from the total for all manufacturing (includes Primary Metal, Beverage and Transportation Equipment sectors)
AGRICULTURE Farm Cash Receipts ($000,000) Alberta Total From Operations Crops Wheat, other than Durum Durum Wheat Barley Canola Livestock Cattle and Calves Hogs Dairy Products Poultry Direct/Program Payments
JANUARY - DECEMBER Per cent 2010 2011 Change
OCTOBER - DECEMBER Per cent 2010 2011 Change
JANUARY - MARCH Per cent 2011 2012 Change
9,003.8 3,794.7 1,009.2 123.7 154.0 1,711.0 4,392.2 3,082.6 368.5 478.4 259.1 816.9
2,361.6 1,120.7 311.8 30.1 64.6 628.4 1,043.4 724.2 80.0 121.1 65.6 197.5
2,711.7 1,406.8 331.3 38.7 57.1 548.4 1,069.1 738.3 98.6 121.0 67.5 235.8
10,467.4 5,182.7 1,463.3 132.4 236.1 2,609.2 4,603.4 3,167.2 416.5 504.1 296.2 681.3
16.3 36.6 45.0 7.1 53.3 52.5 4.8 2.7 13.0 5.4 14.3 -16.6
2,811.4 1,431.3 408.8 47.8 89.1 837.0 1,197.6 823.4 109.3 129.7 76.5 182.5
19.0 27.7 31.1 58.5 37.9 33.2 14.8 13.7 36.6 7.1 16.7 -7.6
3,477.9 2,051.8 428.6 48.4 71.2 916.8 1,212.0 844.2 110.3 134.1 75.3 214.1
28.3 45.8 29.4 25.2 24.6 67.2 13.4 14.4 11.8 10.8 11.6 -9.2
Note: Wheat, Durum Wheat and Barley receipts include Canadian Wheat Board payments.
$4.0
Billions
MANUFACTURING
FARM CASH RECEIPTS
Seasonally Adjusted, Billions $7.0
Crops
Livestock
Direct/Program Payments
$3.5
$6.5
$3.0 $6.0 $2.5 $5.5 $2.0 $5.0 $1.5 $4.5
$1.0
$4.0
$0.5
$0.0
Jan. - Mar. 2011
Jan. - Mar. 2012
$3.5 Jul04
Page 7
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
JANUARY - JUNE
MAY
JUNE
Per cent ENERGY PRODUCTION Alberta
3
Natural Gas (million m )
3
Crude Oil and Equivalents*('000 m )
2011
2012
Change
68,444
64,332
61,329
69,281
Per cent Change
Per cent
2010
2011
2011
2012
Change
-6.0
10,691
10,404
-2.7
10,419
9,751
-6.4
13.0
9,410
11,756
24.9
9,709
11,426
17.7
*Includes Conventional Light/Medium/Heavy, Bitumen, Synthetic, Condensate and Pentanes Plus.
JANUARY - AUGUST AVERAGE \ Per cent 2011 2012 Change 2011
RIG ACTIVITY Alberta Rig Counts Drilling Available
259 562
248 600
-4.3 6.7
240 546
ANNUAL
JULY
AUGUST Per cent Change
2012
198 597
-17.5 9.3
2011
2011
2012
323 552
223 599
2010
West Texas Intermediate Crude Oil Price (US$/Barrel) Natural Gas Reference Price (C$/GJ)
Annual
2011
JUN
JUL
AUG
JUN
JUL
AUG
79.53
95.12
96.29
97.34
86.34
82.41
87.93
94.16
3.57
3.28
3.51
3.42
3.32
1.75
1.92
n/a
ENERGY PRODUCTION 16
% Change 9.1 -43.9
RIGS DRILLING Millions m 3
Billions m3
-31.0 8.5
2012
AVERAGES ENERGY PRICES
Per cent Change
13
550
Number
Natural Gas - Left Scale 500 12
15
450
11
400
14 350 10
300
13 9
200
12 8
11
250
150
100
Crude Oil & Equivalents - Right Scale
7 50
10 Jun04
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
6 Jun12
Page 8
0 Aug04
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
JANUARY - JULY EXPORTS By Industry ($000,000) Alberta Total - all industries Primary Agriculture Mining & Energy Crude oil Natural Gas and Natural Gas Liquids Other Mining and Energy Manufacturing Chemicals, Petroleum & Coal Products Paper & Wood Products Primary & Fabricated Metal Products Machinery & Transportation Equipment Food, Feed & Beverage Other Manufacturing Other Exports
JUNE
2011
2012
Per cent Change
52,720.4 2,502.5 37,419.6 28,825.8 7,712.3 881.4 12,409.3 5,160.0 1,201.2 1,314.2 2,088.0 1,912.0 733.9 389.1
56,808.7 2,741.2 40,488.1 35,202.8 4,668.5 616.8 13,126.4 5,274.9 1,244.7 1,237.4 2,312.4 2,193.1 863.9 453.0
7.8 9.5 8.2 22.1 -39.5 -30.0 5.8 2.2 3.6 -5.8 10.7 14.7 17.7 16.4
2011 7,808.8 344.1 5,554.0 4,387.7 974.3 192.0 1,854.1 731.8 171.5 167.3 359.6 301.7 122.2 56.7
JANUARY - JULY EXPORTS
JULY
2012
Per cent Change
2011
2012
Per cent Change
7,730.4 305.0 5,463.7 4,770.0 576.4 117.3 1,888.5 722.5 189.6 187.0 351.4 307.7 130.4 73.2
-1.0 -11.4 -1.6 8.7 -40.8 -38.9 1.9 -1.3 10.5 11.7 -2.3 2.0 6.7 29.1
7,995.4 354.0 5,688.7 4,447.0 1,083.9 157.8 1,876.5 800.5 163.7 239.6 286.9 277.3 108.5 76.1
7,992.9 278.7 5,746.8 4,879.0 773.9 94.0 1,906.4 827.6 167.8 194.3 292.6 304.7 119.3 61.0
0.0 -21.3 1.0 9.7 -28.6 -40.5 1.6 3.4 2.5 -18.9 2.0 9.9 10.0 -19.8
JUNE
Per cent
JULY Per cent
Per cent
By Country ($000,000)
2011
2012
Change
2011
2012
Change
2011
2012
Change
Alberta Total - all countries United States China Japan Mexico Korea, South Netherlands United Arab Emirates Russia Australia Indonesia All other Countries Other Countries
52,720.4 45,755.4 1,600.5 1,053.3 497.9 486.4 321.8 179.3 140.1 187.1 131.0 2,367.7 3,813.33
56,808.7 49,610.8 2,057.0 1,075.3 542.9 350.3 252.2 175.7 149.8 138.6 128.7 2,327.3 3,522.65
7.8 8.4 28.5 2.1 9.0 -28.0 -21.6 -2.0 7.0 n/a -1.7 -1.7
7,808.8 6,765.3 291.7 148.0 81.9 60.3 52.5 9.3 16.1 26.4 21.0 336.4
7,730.4 6,829.9 204.9 156.4 73.9 86.1 36.3 13.5 15.6 20.5 12.9 280.4
-1.0 1.0 -29.8 5.7 -9.8 42.8 -30.9 45.1 -3.0 n/a -38.2 -16.7
7,995.4 6,989.0 184.1 158.1 77.3 79.5 41.8 41.0 17.5 19.9 14.4 372.8
7,992.9 6,995.3 307.7 186.4 71.2 39.3 35.3 19.5 12.3 25.4 17.2 283.4
0.0 0.1 67.1 17.9 -7.8 -50.6 -15.5 -52.4 -29.5 n/a 18.9 -24.0
ALBERTA EXPORTS BY COUNTRY January - July 2012
EXPORTS $12.0
Billions
$11.0
China
$10.0
Japan
$9.0
Mexico $8.0
United States
$7.0
$6.0
$5.0
$4.0
$3.0 Jul04
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
Page 9
All other Countries
JANUARY - JUNE
MAY
BANKRUPTCIES
2011
Alberta Business (number) Consumer (number)
2012
133 3,800
Change
134 3,140
2011
0.8 -17.4
2012
22 617
28 515
JANUARY - AUGUST 2011
Alberta Number of Business Incorporations Alberta Corporations Non-Alberta Corporations INTERNATIONAL TRAVELERS, NON-RESIDENTS ENTERING ALBERTA Alberta Total (includes same-day) Total (excludes same-day) U.S.A. (excludes same-day) United Kingdom Germany Nertherlands Japan Australia Switzerland
27,898 25,923 1,975
2012
Change
28,261 25,981 2,280
Change 27.3 -16.5
Per cent 2011
2011
2012
2,925 2,706 219
3,018 2,757 261 JULY
2011
2012
Change
22 484
37.5 -25.4
AUGUST Per cent
1.3 0.2 15.4
JANUARY - AUGUST Per cent 2011 2012 Change
2012
16 649
JULY
Per cent BUSINESS INCORPORATIONS
JUNE Per cent
Per cent
Change 3.2 1.9 19.2
Per cent Change
Per cent 2011
2012
3,119 2,878 241
Change
3,360 3,096 264 AUGUST
2011
7.7 7.6 9.5
2012
Per cent Change
512,964 482,997 317,990 57,913 19,775 10,241 6,995 7,685 5,756
534,078 504,500 342,127 52,054 17,605 9,849 8,107 8,270 5,569
4.1 4.5 7.6 -10.1 -11.0 -3.8 15.9 7.6 -3.2
112,321 106,140 70,767 11,361 4,603 1,939 1,494 1,670 1,159
119,182 112,779 76,081 11,005 3,923 2,096 2,387 1,645 1,233
6.1 6.3 7.5 -3.1 -14.8 8.1 59.8 -1.5 6.4
149,384 138,569 94,213 12,079 5,264 4,244 2,178 1,748 2,595
155,911 144,401 101,409 10,889 4,811 3,593 2,619 2,323 2,395
4.4 4.2 7.6 -9.9 -8.6 -15.3 20.2 32.9 -7.7
3,700
4,775
29.1
797
1,090
36.8
1,349
1,656
22.8
Mexico
Figures given are for non-residents entering Alberta directly. Consequently, actual totals will be understated since significant numbers of tourists enter via other provinces.
160
BANKRUPTCIES
Number
INCORPORATIONS
Number
1,200
Business (left scale) 1,100
Consumer (right scale)
140
5,500
1,000 120 4,700
900 100
800
80
3,900
700 600
60
3,100 500
40 400 20
0 Jun04
2,300
300
Jun05
Jun06
Jun07
Jun08
Jun09
Jun10
Jun11
200 Jun12
1,500 Aug04
Page 10
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
CONSUMER PRICE INDEX (2002=100) Alberta All Items Food Shelter Energy Household Operations & Furnishings Transportation Recreation, Education & Reading All Items, excl. Food and Energy Edmonton Calgary
ANNUAL RATES 2009 2010 2011 121.5 120.5 147.4 138.5 107.8 105.3 105.3 119.8 121.6 121.7
122.7 121.8 147.6 143.0 107.7 118.8 106.0 120.7 122.9 122.7
2011 JUL
APR
MAY
2012
% Change JUL '11 - JUL '12
JUN
JUL
126.9 128.0 150.8 161.2 110.8 127.3 107.0 123.3 127.2 126.5
126.8 129.3 151.4 160.8 111.0 125.4 107.9 123.0 127.1 126.4
125.7 125.6 152.1 166.5 109.2 124.7 105.7 121.7 126.0 125.4
125.7 126.1 152.8 170.3 109.1 123.2 107.9 121.3 125.9 125.5
127.0 126.7 149.9 161.1 110.3 130.2 105.5 123.8 127.4 126.7
EXCHANGE RATES (in $Cdn) United States Japan European Monetary Union (EURO) United Kingdom
ANNUAL RATES 2009 2010 2011 1.1415 1.0301 0.9893 0.0122 0.0118 0.0124 1.5853 1.3671 1.3761 1.7208 1.5928 1.5859
2011 AUG 0.9828 0.0128 1.4092 1.6078
MAY 1.0098 0.0127 1.2918 1.6071
2012 JUN JUL 1.0281 1.0139 0.0130 0.0128 1.2892 1.5804 1.5991 1.5804
% Change AUG AUG '11 - AUG '12 -0.9 0.9921 0.9 0.0127 14.5 1.2307 3.1 1.5601
INTEREST RATES (Prime Rates) Canada United States
ANNUAL RATES 2009 2010 2011 2.42 2.60 3.00 3.25 3.25 3.25
2011 AUG 3.00 3.25
MAY 3.00 3.25
2012 JUN JUL 3.00 3.00 3.25 3.25
% Change AUG AUG '11 - AUG '12 3.00 0.0 3.25 0.0
126.6 127.6 147.9 152.3 110.4 128.9 107.0 123.9 127.0 126.2
CONSUMER PRICE INDEX, ALBERTA Year-over-Year Change
0.9 2.5 -0.9 -5.6 1.7 1.8 0.0 1.4 1.0 0.7
EXCHANGE RATES 1.70
8.0%
1.60 6.0% 1.50 EURO 1.40
4.0%
1.30
2.0%
1.20
U.S.
1.10 0.0%
Cdn$/US$, Cdn$/EURO 1.00
Alberta, all items excl. food/energy Alberta, all items -2.0% Jul04
Jul05
Jul06
Jul07
Jul08
Jul09
Jul10
Jul11
Jul12
0.90 Aug04
Page 11
Aug05
Aug06
Aug07
Aug08
Aug09
Aug10
Aug11
Aug12
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
510
145
945
755
7,954
13,330
1,245
1,052
3,758
4,561
34,368
POPULATION ('000s) APRIL 1, 2011 APRIL 1, 2012
509
146
945
755
8,028
13,472
1,261
1,072
3,847
4,606
34,756
-0.21
0.7
-0.03
0.1
0.9
1.1
1.3
1.9
2.4
1.0
1.1
AUGUST 2011
13.8
11.4
8.6
9.3
7.6
7.5
5.4
4.5
5.6
7.4
7.3
AUGUST 2012
12.7
11.7
9.7
10.4
7.6
8.0
5.4
4.4
4.4
6.7
7.3
AUGUST 2011
222
72
456
351
3,965
6,743
623
523
2,111
2,271
17,337
AUGUST 2012
229
72
457
352
3,989
6,768
628
542
2,154
2,323
17,514
3.1
0.0
0.3
0.2
0.6
0.4
0.9
3.6
2.1
2.3
1.0
Percent Change UNEMPLOYMENT RATE* (%)
EMPLOYED* ('000s)
Percent Change EMPLOYMENT INSURANCE* (Average Number of Beneficiaries) JUNE 2011
36,210
8,890 33,130 34,100 165,330 172,210 13,230 10,530 34,310 63,900 570,990
JUNE 2012
33,190
8,730 29,420 32,930 151,660 150,480 12,690 9,360
Percent Change
-8.3
-1.8
-11.2
-3.4
-8.3
-12.6
POPULATION POPULATION 2.5% 4.0%
-11.1
-30.4
-13.0
-11.1
UNEMPLOYMENT RATES*
14.0%
% Change, April 1, 2011 1, 2012 January 2006 to April January 7, 2006
2.0% 3.0%
-4.1
23,880 55,600 507,570
August 2012
12.0% 10.0%
1.5% 2.0%
8.0%
1.0% 6.0%
1.0% 0.5%
4.0%
0.0% 0.0%
-0.5% -1.0%
2.0% 0.0% AB AB
SK SK
MB MB
CAN CAN
ON ON
BC BC
QC QC
PE PE
NBNB NSNS NLNL
AB
SK
MB
BC
CAN
QC
ON
NS
NB
PE
NL
EMPLOYMENT INSURANCE*
EMPLOYMENT* 0.0%
4.0%
% Change, August 2011 to August 2012
-5.0% -10.0%
3.0%
-15.0% -20.0%
2.0%
-25.0% -30.0%
1.0%
% Change in Average Number of Beneficiaries June 2011 to June 2012
-35.0% 0.0%
-40.0% SK
NL
BC
AB
CAN
MB
QC
ON
NS
NB
PE
*Seasonally Adjusted
Page 12
AB
BC
ON
NS
SK
CAN
NL
QC
MB
NB
PE
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - JUNE 2011
4,820
1,206
8,752
7,099
76,239
150,636 12,283 11,454 61,869
47,294
383,848
JANUARY - JUNE 2012
5,165
1,235
8,901
7,231
78,428
7.2
2.4
1.7
1.9
2.9
153,668 12,711 12,407 66,669 2.0
3.5
8.3
7.8
48,818
397,530
3.2
3.6
JANUARY - JUNE 2011
3,872
918
6,473
5,510
50,676
80,288
8,135
7,942
31,175
29,602
225,457
JANUARY - JUNE 2012
4,027
966
6,574
5,555
51,485
82,180
8,297
4.0
5.2
1.6
0.8
1.6
2.4
2.0
8,455
33,912
30,797
233,147
6.5
8.8
4.0
3.4
WAGES AND SALARIES* ($000,000)
Percent Change RETAIL TRADE* ($000,000)
Percent Change NEW MOTOR VEHICLE SALES (Number) JANUARY - JUNE 2011
15,663 2,833 23,826 20,523 214,942 308,117 23,563 24,462 109,141
80,645
823,715
JANUARY - JUNE 2012
17,385 3,419 26,096 21,045 221,744 329,309 25,744 27,429 123,683
91,029
886,883
12.9
7.7
Percent Change
11.0
20.7
9.5
2.5
3.2
6.9
9.3
12.1
13.3
JANUARY - JUNE 2011
1,952
276
3,830
2,978
53,274
137,999 7,295 10,379 33,323
25,569
277,283
JANUARY - JUNE 2012
2,061
280
4,206
3,041
56,165
143,455 8,073 11,238 38,473
27,020
294,501
5.7
6.2
WHOLESALE TRADE* ($000,000)
Percent Change 5.6 1.3 9.8 2.1 5.4 4.0 10.7 Note: New Motor Vehicle Sales for British Columbia include automobile sales for the Canadian Territories.
10.0%
% Change in Value, January - June 2011 to January - June 2012
8.0%
15.5
RETAIL TRADE*
WAGES AND SALARIES* 9.0%
8.3
9.0%
% Change in Value, January - June 2011 to January - June 2012
8.0%
7.0%
7.0%
6.0%
6.0%
5.0%
5.0% 4.0%
4.0%
3.0%
3.0%
2.0%
2.0%
1.0% 0.0%
1.0% SK
AB
NL
CAN
MB
BC
QC
PE
ON
NB
NS
0.0%
AB
SK
PE
BC
NL
CAN
ON
MB
QC
NS
NB
ON
NB
PE
WHOLESALE TRADE*
NEW MOTOR VEHICLE SALES* 18.0%
25.0%
% Change in Number, January - June 2011 to January - June 2012
% Change in Value, January - June 2011 to January - June 2012
16.0%
20.0%
14.0% 12.0%
15.0%
10.0% 8.0%
10.0%
6.0% 4.0%
5.0%
2.0% 0.0%
PE
AB
BC
SK
NL
NS
MB
CAN
ON
QC
NB
0.0%
*Seasonally Adjusted
Page 13
AB
MB
NS
SK
CAN
BC
NL
QC
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - AUGUST 2011
1,506
386
2,457
1,504
25,803
42,657
2,598
3,497
14,485
15,847
110,740
JANUARY - AUGUST 2012
1,576
410
2,154
1,579
25,979
50,989
3,283
4,583
19,733
17,518
127,804
4.6
6.2
-12.3
5.0
0.7
19.5
26.4
31.1
36.2
10.5
15.4
607
131
855
549
9,484
16,259
1,023
1,468
7,196
5,479
43,051
URBAN HOUSING STARTS (Number)
Percent Change BUILDING PERMITS* ($000,000) JANUARY - JULY 2011 JANUARY - JULY 2012
728
171
937
566
9,184
17,295
1,373
1,802
8,235
6,548
46,840
Percent Change
19.9
29.7
9.6
3.1
-3.2
6.4
34.2
22.8
14.4
19.5
8.8
JANUARY - JULY 2011
2,844
681
6,386
11,266
80,499
146,614
8,894
7,028
39,646
21,984
325,872
JANUARY - JULY 2012
4,403
758
6,035
11,108
80,625
157,122
9,074
7,964
43,287
22,266
342,682
Percent Change
54.8
11.4
-5.5
-1.4
0.2
7.2
2.0
13.3
9.2
1.3
5.2
JANUARY - MARCH 2011
39
139
179
128
1,750
2,259
1,430
3,195
2,712
519
12,349
JANUARY - MARCH 2012
41
135
186
129
1,750
2,506
1,641
4,005
3,478
568
14,440
Percent Change
5.9
-2.5
3.7
0.8
0.0
11.0
14.8
25.4
28.3
9.4
16.9
MANUFACTURING* (value of shipments of goods of own manufacture, $000,000)
AGRICULTURE (Farm Cash Receipts from farming operations $000,000)
BUILDING PERMITS*
URBAN HOUSING STARTS 40.0%
40.0%
% Change, January - August 2011 to January - August 2012
30.0%
% Change in Value, January - July 2011 to January - July 2012
30.0%
20.0% 20.0% 10.0% 10.0% 0.0% 0.0%
-10.0%
-20.0%
-10.0% AB
SK
MB
ON
CAN
BC
PE
NB
NL
QC
NS
MB
PE
MANUFACTURING* 60.0% 50.0%
NL
BC
AB
NS
CAN
ON
NB
QC
FARM CASH RECEIPTS
30.0%
% Change in Value, January - July 2011 to January - July 2012
SK
% Change in Value, January - March 2011 to January - March 2012
25.0%
40.0%
20.0%
30.0% 15.0% 20.0% 10.0% 10.0% 5.0%
0.0% -10.0%
0.0% NL
SK
*Seasonally Adjusted
PE
AB
ON
CAN
MB
BC
QC
NB
NS
Page 14
AB
SK
CAN
MB
ON
BC
NL
NS
NB
QC
PE
INTERPROVINCIAL COMPARISONS OF ECONOMIC INDICATORS NL
PE
NS
NB
QC
ON
MB
SK
AB
BC
CAN
JANUARY - JULY 2011 JANUARY - JULY 2012
6,465 7,242
374 507
2,643 2,159
8,982 8,802
34,655 35,985
86,977 94,890
6,465 7,242
16,159 18,554
52,720 56,809
18,395 18,327
235,234 251,393
Percent Change
12.0
35.5
-18.3
-2.0
3.8
9.1
12.0
14.8
7.8
-0.4
6.9
EXPORTS ($000,000)
CONSUMER BANKRUPTCIES (Number) JANUARY - JUNE 2011
1,103
301
1,925
1,451
13,350
13,067
806
683
3,800
4,261
40,722
JANUARY - JUNE 2012 Percent Change
848 -23.1
226 -24.9
1,750 -9.1
1,552 7.0
12,671 -5.1
11,934 -8.7
642 -20.3
529 -22.5
3,140 -17.4
4,007 -6.0
37,322 -8.3
17 8
5 9
63 43
23 29
833 766
680 547
23 16
53 52
133 134
97 101
2,039 1,805
-52.9
80.0
-31.7
26.1
-8.0
-19.6
-30.4
-1.9
0.8
4.1
-11.5
121.6 123.6
123.3 125.2
122.8 124.5
120.3 121.4
118.3 120.5
120.5 121.4
118.2 120.3
121.8 123.9
125.7 126.8
116.6 117.9
120.0 121.5
1.6
1.5
1.4
0.9
1.9
0.7
1.8
1.7
0.9
1.1
1.3
BUSINESS BANKRUPTCIES (Number) JANUARY - JUNE 2011 JANUARY - JUNE 2012 Percent Change CONSUMER PRICE INDEX (2002=100) JULY 2011 JULY 2012 Percent Change
EXPORTS 40.0%
CONSUMER BANKRUPTCIES 10.0%
% Change in Value, January - July 2011 to January - July 2012
30.0%
% Change in Number, January - June 2011 to January - June 2012 0.0%
20.0% 10.0%
-10.0% 0.0% -10.0%
-20.0%
-20.0% -30.0%
PE
SK
MB
NL
ON
AB
CAN
QC
BC
NB
-30.0%
NS
PE
NL
BUSINESS BANKRUPTCIES
100.0%
60.0%
MB
AB
NS
ON
CAN
BC
QC
NB
MB
QC
CONSUMER PRICE INDEX*
2.0%
% Change in Number, January - June 2011 to January - June 2012
80.0%
SK
% Change, July 2011 to July 2012
1.5%
40.0% 20.0%
1.0%
0.0% -20.0%
0.5%
-40.0% -60.0%
NL
NS
MB
ON
CAN
QC
SK
AB
BC
NB
PE
*Seasonally Adjusted
Page 15
0.0%
ON
AB
NB
BC
CAN
NS
PE
NL
SK
REGIONAL ECONOMIC INDICATORS LABOUR FORCE, ALBERTA REGIONS (unadjusted, 3-month moving average) Labour Force (000s) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Employed (000s) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Unemployment Rate 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller Dr mheller 8) Lethbridge - Medicine Hat Participation Rate 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat
AUGUST 2011
AUGUST 2012
84.5 146.2 743.3 115.8 54.0 848.2 113.8 152.0
85.4 142.4 764.9 113.2 54.5 857.3 113.7 153.7
79.6 137.5 701.0 109.6 52.8 796.2 108.1 142.9
81.2 135.9 730.4 107.6 52.5 815.8 108.8 145.9
5.9% 6.0% 5.7% 5.4% n/a 6.1% 5 0% 5.0% 6.0%
4.9% 4.6% 4.5% 4.9% 3.7% 4.8% 4 2% 4.2% 5.1%
81.9% 76.6% 74.2% 75.0% 75.1% 76.3% 72.9% 69.3%
80.8% 74.1% 74.5% 71.9% 75.4% 75.3% 72.3% 69.1%
Population (July 1, 2011) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller Dr mheller 8) Lethbridge - Medicine Hat 5-year Population Growth (2006-2011) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper - Rocky Mountain House 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat
UNEMPLOYMENT RATE ALBERTA REGIONS 7.0%
16.3% 4.6% 10.9% 9.3% 6.7% 12.7% 4.3% 7.6%
5-YEAR POPULATION GROWTH RATE ALBERTA REGIONS
Unadjusted Rates AUGUST 2011
141,450 260,334 1,238,763 198,999 91,206 1,362,370 202 564 202,564 283,667
18.0%
AUGUST 2012
6.0%
15.0%
5.0%
12.0%
4.0%
9.0%
3.0% 6.0%
2.0%
3.0%
1.0% 0.0%
0.0% 1
2
3
4
5
6
7
8
Page 16
1
2
3
4
5
6
7
8
REGIONAL ECONOMIC INDICATORS The Inventory of Major Alberta Projects tracks projects valued at $5 million or greater that are planned, underway, or have been recently completed. MAJOR CONSTRUCTION PROJECTS Investment ($ 000,000) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region
AUGUST 2011
2012
103,683.9
116,018.8
9,772.9
11,987.7
20,645.2
21,221.7
4) Red Deer Region
1,614.9
1,657.2
5) Banff - Jasper
1,436.7
1,792.3
6) Calgary Region
23,652.0
19,916.3
7) Camrose - Drumheller
2,966.0
2,523.0
8) Lethbridge - Medicine Hat
3,477.5
2,175.5
9) Other Total
18,661.9
16,532.6
185,911.0
193,825.1
JANUARY - JULY BUILDING PERMITS ($000,000) 1) Wood Buffalo - Cold Lake 2) Athabasca - Grande Prairie 3) Edmonton Region 4) Red Deer Region 5) Banff - Jasper 6) Calgary Region 7) Camrose - Drumheller 8) Lethbridge - Medicine Hat Total
2011 656.6 351.0 2,423.6 189.0 95.4 3 095 1 3,095.1 181.5 203.3 7,195.6
2012 892.1 461.4 2,682.2 283.0 61.9 3 399 1 3,399.1 266.9 244.5 8,291.1
JUNE Per cent Change 35.9 31.4 10.7 49.7 -35.1 98 9.8 47.0 20.3 15.2
2011 89.2 59.7 350.2 26.1 13.7 501 4 501.4 31.2 44.8 1,116.3
2012 149.5 81.4 405.1 40.9 10.8 453 3 453.3 76.1 33.2 1,250.3
JULY Per cent Change 67.6 36.3 15.7 56.7 -21.1 -9 9.6 6 144.0 -25.7 12.0
2011 157.0 100.6 372.8 49.8 15.8 413 9 413.9 26.7 35.2 1,171.9
MAJOR CONSTRUCTION PROJECTS ( AUGUST 2012)
Total: $193.8 billion
3) Edmonton Region 10.9% 2) Athabasca - Grande 4) Red Deer Region Prairie 0.9% 6.2%
5) Banff - Jasper 0.9%
1) Wood Buffalo - Cold Lake 59.9%
6) Calgary Region 10.3% 7) Camrose - Drumheller 1.3% 8) Lethbridge - Medicine Hat 1.1% 9) Other 8.5%
Page 17
2012 147.0 75.5 401.1 42.7 11.3 441 8 441.8 38.1 41.9 1,199.5
Per cent Change -6.4 -25.0 7.6 -14.3 -28.0 67 6.7 42.5 19.0 2.4
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
Unemploy- Employed* Employment ment Rate* (000's) Insurance (%) Beneficiaries* 5.3 1,676 32,489 5.1 1,732 33,931 4.7 1,778 28,869 4.0 1,827 22,378 3.4 1,917 18,834 3.6 1,991 16,838 3.6 2,053 17,702
Wages and Salaries* ($000,000) 63,400 66,266 72,707 82,878 95,678 106,654 115,487
Average Retail Food/Drinking New Motor Wholesale Weekly Trade* Places Receipts Vehicle Trade* Earnings* ($) ($000,000) ($000,000) Sales (#) ($000,000) 693 37,663 4,610 204,806 36,987 717 39,318 4,727 194,451 39,967 741 43,349 5,030 196,153 44,941 784 48,486 5,450 222,361 52,124 823 55,942 6,051 248,731 58,427 871 61,487 6,410 257,050 60,587 923 61,614 6,618 238,413 66,361
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
4.8 5.7 5.9 6.3 6.8 6.9 7.2 7.2 6.8 7.1 7.3 6.7 6.6
2,066 2,041 2,036 2,030 2,025 2,019 2,014 2,014 2,021 2,006 2,015 2,021 2,025
25,680 34,180 44,010 50,940 56,630 62,860 62,310 58,030 71,770 73,120 72,090 67,050 56,556
9,458 9,374 9,275 9,213 9,193 9,142 9,099 9,016 9,094 9,097 9,163 9,225 110,348
948 965 964 936 944 954 942 934 953 950 963 949 950
4,738 4,664 4,606 4,618 4,656 4,721 4,716 4,693 4,731 4,744 4,755 4,836 56,478
556 549 541 542 542 540 560 547 545 536 542 526 6,527
13,151 11,102 15,152 17,076 18,423 17,229 17,005 16,124 15,893 16,167 13,572 15,874 186,768
5,259 5,006 4,774 4,897 4,504 4,621 4,516 4,515 4,474 4,368 4,505 4,616 56,057
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
6.6 6.8 7.4 7.6 6.7 6.6 6.3 6.5 6.2 5.9 5.6 5.5 6.6
2,010 1,999 1,996 2,002 2,012 2,019 2,026 2,024 2,021 2,038 , 2,033 2,032 2,018
59,060 55,610 52,630 50,540 49,260 48,680 47,370 45,900 48,020 47,210 , 46,930 46,130 49,778
9,310 9,405 9,511 9,645 9,643 9,651 9,702 9,764 9,833 9,910 , 9,928 9,970 116,271
959 973 979 999 989 992 1,001 1,002 1,005 1,004 , 1,003 1,012 993
4,951 4,952 4,963 4,876 4,873 4,880 4,899 4,970 5,018 5,058 , 5,214 5,202 59,856
546 542 551 545 557 563 554 557 558 566 558 570 6,665
12,525 13,770 17,476 18,254 19,293 19,503 18,748 18,491 18,079 16,117 , 16,009 16,272 204,537
4,686 4,809 4,884 5,005 4,881 4,942 5,027 5,193 5,326 5,300 , 5,388 5,407 60,848
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
5.9 5.7 5.7 5.9 5.4 5.5 5.5 5.6 5.3 5.1 5.0 4.9 5.5
2,054 2,068 2,064 2,060 2,069 2,091 2,103 2,110 2,118 2,126 2,130 2,133 2,094
44,120 42,180 38,960 37,480 34,490 34,310 32,300 32,360 30,190 29,460 29,410 29,490 34,563
10,091 10,216 10,308 10,406 10,422 10,408 10,463 10,624 10,677 10,765 10,816 10,915 126,113
1,030 1,030 1,023 1,031 1,043 1,028 1,032 1,051 1,044 1,053 1,050 1,050 1,039
5,084 5,141 5,162 5,243 5,266 5,278 5,250 5,331 5,422 5,587 5,638 5,603 64,006
567 579 589 593 596 604 606 592 604 610 609 623 7,173
13,124 13,728 19,544 20,364 20,169 22,212 19,387 20,191 19,426 19,351 18,686 17,965 224,147
5,435 5,409 5,499 5,464 5,671 5,845 5,805 5,949 6,049 6,283 6,309 6,255 69,973
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
4.9 5.0 5.3 4.9 4.5 4.6 4.6 4.4
2,135 2,128 2,132 2,143 2,153 2,144 2,150 2,154
29,260 27,650 26,700 25,060 24,060 23,880
10,876 10,981 11,135
1,056 1,055 1,054 1,059 1,055 1,071
5,649 5,623 5,667 5,643 5,702 5,629
630 633 634 632 642 638
16,217 16,586 22,061 20,591 24,726 23,502
6,289 6,324 6,268 6,532 6,629 6,431
Page 18
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
MLS Housing Resales (#) 51,042 51,334 57,460 65,866 74,350 71,430 56,399
Housing Starts (#, urban) 32,729 32,066 32,188 34,301 40,882 38,477 25,395
Building Permits Manufacturing ($000,000) Shipments* Alberta Calgary Edmonton ($000,000) 6,847 2,714 1,797 38,418 6,667 2,819 1,767 40,002 7,327 2,857 2,028 44,771 10,202 3,921 2,904 51,014 13,876 5,480 3,541 65,091 15,730 6,495 3,925 65,731 13,141 4,719 3,657 70,146
Energy Production Gas Oil/Equiv.
(Mlns m3) 170,828 166,623 167,676 168,327 167,385 165,594 157,664
(Tsds m3) 89,885 95,311 101,007 98,879 106,018 109,681 108,685
Rigs Drilling (#) 231 314 331 381 371 241 236
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
2,195 3,231 4,115 5,251 6,235 7,368 6,552 5,407 5,258 4,978 4,154 3,042 57,786
930 658 702 873 1,063 1,591 1,624 1,694 2,062 2,329 2,319 1,899 17,744
494 467 715 920 1,226 998 901 883 1,000 1,524 1,088 1,060 11,277
161 177 241 328 634 450 281 265 327 602 314 505 4,285
210 154 295 241 248 252 308 381 383 605 524 260 3,861
4,840 4,774 4,579 4,376 4,309 4,312 4,291 4,386 4,428 4,444 4,596 4,615 53,951
14,216 12,586 13,213 12,278 12,134 11,668 12,049 11,891 10,916 11,391 11,269 13,023 146,632
9,298 8,765 9,339 8,588 9,110 9,335 10,021 9,874 9,267 9,857 10,021 9,462 112,935
263 238 108 41 32 59 85 97 111 129 152 227 128
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
2,934 4,077 5,351 5,544 5,207 4,746 4,086 3,941 3,934 3,483 3,625 2,795 49,723
1,369 1,687 2,141 2,711 2,299 2,130 2,523 1,971 2,252 1,903 1,572 1,384 23,942
646 784 1,015 1,199 1,079 1,324 992 920 893 925 894 755 11,425
224 225 415 331 325 401 292 277 280 249 242 279 3,541
237 323 266 561 360 489 366 355 285 305 303 229 4,080
4,739 4,824 4,858 4,857 4,881 4,838 5,013 5,014 5,131 5,236 5,220 5,461 60,074
13,361 11,459 11,933 11,520 11,643 10,789 11,435 11,440 10,686 11,087 10,963 13,103 139,420
9,052 9,094 9,546 9,719 10,413 10,265 10,632 10,572 9,520 10,287 11,040 11,431 121,569
287 339 219 62 56 118 199 222 177 260 276 269 207
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
2,874 3,943 5,118 5,012 5,659 5,920 4,919 4,819 4,316 3,992 3,761 2,910 53,243
1,114 1,349 1,411 1,552 2,007 1,947 2,017 2,455 2,049 2,490 2,241 2,053 22,685
513 1,332 881 938 1,202 1,116 1,165 1,288 1,138 1,025 983 1,139 12,718
143 910 350 384 306 472 377 492 435 366 339 613 5,187
194 249 295 348 557 336 369 323 348 324 377 302 4,021
5,487 5,498 5,671 5,806 5,697 5,631 5,856 5,920 6,287 6,024 6,559 6,342 70,777
13,288 11,562 11,586 10,906 10,690 10,419 10,856 10,870 10,396 10,640 10,626 11,583 133,422
10,934 10,075 10,781 10,420 9,410 9,709 11,176 11,720 10,959 11,629 11,142 12,047 130,003
372 418 366 123 84 150 240 323 346 335 330 344 286
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
3,109 4,476 5,774 6,191 6,984 6,400 5,819
1,527 2,103 2,433 2,932 2,540 2,776 2,693 2,310
746 976 1,210 1,373 1,537 1,250 1,199
263 406 460 699 561 419 413
281 361 380 299 525 401 396
6,298 6,359 6,365 6,301 6,102 5,927 5,935
11,777 10,850 11,029 10,521 10,404 9,751
11,922 11,091 11,446 11,640 11,756 11,426 12,577
401 459 338 141 88 139 198 223
*Seasonally Adjusted
Page 19
Historic and Current Economic Indicators Selected Series - Alberta
2002 2003 2004 2005 2006 2007 2008
Energy Prices WTI Crude Gas (US$/barrel) (C$/GJ) 26.09 3.68 31.04 5.81 41.40 5.98 56.56 7.87 66.22 6.22 72.32 5.88 99.66 7.47
International Exports ($000,000) 48,931 57,044 63,688 76,280 77,744 81,873 110,173
Bankruptcies Business Consumer (#) (#) 1,998 8,234 1,636 9,160 1,565 8,719 1,194 7,542 666 5,248 449 4,768 447 6,066
Incorporations Alberta Non-Alberta (#) (#) 28,141 2,001 30,680 1,891 32,276 2,041 38,038 2,284 45,527 2,680 45,920 2,871 40,708 2,807
International Travellers (#, direct entries)** 826,384 806,307 913,320 906,714 881,623 953,937 953,149
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
41.92 39.21 48.06 49.95 59.21 69.70 64.29 71.14 69.47 76.08 78.15 74.60 61.82
5.77 4.66 4.01 3.41 3.13 2.97 2.94 2.72 2.48 3.40 3.77 4.51 3.65
6,431 5,523 5,829 5,170 4,571 5,935 6,304 5,878 5,711 5,794 5,928 6,856 69,929
39 44 31 24 34 33 35 33 35 33 32 32 405
696 706 951 838 847 1,021 872 882 1,163 690 686 634 9,986
2,926 2,354 2,680 2,760 2,509 2,978 2,682 2,494 2,827 2,817 2,892 2,833 32,752
205 213 199 194 191 212 178 169 206 228 191 205 2,391
47,573 48,459 53,224 52,360 72,054 113,758 148,990 112,877 84,836 49,782 38,576 59,034 881,523
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
78.40 76.45 81.29 84.57 74.12 75.40 76.38 76.67 75.55 81.97 84.31 89.23 79.53
4.88 4.68 4.05 3.26 3.37 3.49 3.42 3.25 3.14 2.92 3.04 3.34 3.57
6,621 6,391 6,633 6,286 6,525 6,730 6,646 6,512 6,234 6,305 , 6,120 7,589 78,594
27 30 48 37 35 23 27 30 34 24 19 44 378
684 637 776 744 672 778 626 615 732 700 667 519 8,150
3,082 2,833 3,524 3,019 2,928 3,120 2,892 2,647 3,109 2,946 , 3,176 3,121 36,397
212 244 261 249 210 209 184 264 235 230 214 217 2,729
42,212 46,578 55,020 46,838 68,056 113,817 146,075 114,313 86,475 54,754 , 39,384 53,867 867,389
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
89.58 89.74 102.98 110.04 101.36 96.29 97.34 86.34 85.61 86.43 97.16 98.58 95.12
3.49 3.40 3.19 3.30 3.39 3.51 3.42 3.32 3.24 3.17 2.99 2.92 3.57
7,454 6,776 7,863 6,858 7,477 7,590 7,735 8,110 7,929 7,657 7,933 8,795 92,176
30 22 26 17 22 16 15 26 23 30 19 18 264
578 636 680 640 617 649 534 595 525 515 577 483 7,029
3,357 2,960 5,180 2,646 3,024 3,172 2,706 2,878 3,163 3,110 3,034 3,151 38,381
261 240 251 225 274 264 219 241 236 242 246 243 2,942
38,456 40,411 46,012 45,698 67,706 106,140 138,569 109,496 84,522 54,274 40,693 55,522 827,499
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
100.32 102.26 106.21 103.35 94.72 82.41 87.93 94.16
2.56 2.13 1.83 1.63 1.58 1.75 1.92
8,561 7,948 8,625 8,338 7,613 7,730 7,993
20 25 19 20 28 22
517 533 568 523 515 484
3,512 3,126 3,610 3,249 3,431 3,200 2,757 3,096
297 265 302 307 301 283 261 264
38,967 41,755 50,314 47,803 68,481 112,779 144,401
*Seasonally Adjusted **Excluding same day travel.
Page 20
Historic and Current Economic Indicators Selected Series - Alberta
Exchange Rates
Consumer Price Index (2002 = 100)
Prime Rates Canada U.S. (Cdn$/US$) (Cdn$/EURO) (%) (%) 1.5706 1.4838 4.21 4.67 1.4010 1.5823 4.69 4.13 1.3013 1.6169 4.00 4.38 1.2114 1.5085 4.42 6.23 1.1343 1.4244 5.81 7.98 1.0740 1.4690 6.10 8.00 1.0671 1.5603 4.73 4.94
2002 2003 2004 2005 2006 2007 2008
Alberta 100.0 104.4 105.9 108.1 112.3 117.9 121.6
Shelter 100.0 108.1 109.8 113.5 124.8 140.0 151.1
Energy 100.0 119.2 123.8 136.2 142.7 153.0 172.3
Edmonton 100.0 105.3 106.4 108.6 112.0 117.4 121.4
Calgary 100.0 103.5 105.3 107.4 112.3 117.9 121.8
Jan09 Feb09 Mar09 Apr09 May09 Jun09 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Avg./Sum
120.2 121.5 120.9 120.4 121.4 122.0 121.5 122.0 121.5 121.6 122.6 121.9 121.5
150.3 151.8 148.6 146.3 145.8 146.2 146.1 147.4 145.2 145.4 147.9 147.4 147.4
135.7 146.5 137.4 131.2 133.5 141.4 137.4 143.9 136.2 133.1 144.5 141.0 138.5
120.2 121.5 120.9 120.5 121.6 122.2 121.8 122.1 121.7 121.8 122.7 122.0 121.6
120.7 121.9 121.3 120.8 121.5 122.1 121.6 122.1 121.6 121.9 122.7 122.1 121.7
1.2263 1.2451 1.2645 1.2240 1.1509 1.1265 1.1223 1.0882 1.0818 1.0549 1.0596 1.0544 1.1415
1.6230 1.5929 1.7910 1.8010 1.7767 1.5785 1.5820 1.5517 1.5764 1.5632 1.5799 1.5380 1.6295
3.00 3.00 2.50 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2.40
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Avg./Sum
122.3 122.7 122.1 122.3 122.7 122.7 123.3 122.7 122.6 123.0 122.7 122.9 122.7
148.5 148.2 146.7 145.3 145.6 147.5 149.7 147.9 147.9 147.7 147.1 149.1 147.6
148.3 144.5 141.5 137.1 138.9 140.8 149.2 145.1 144.2 140.6 137.8 147.5 143.0
122.4 122.9 122.3 122.6 122.8 122.7 123.5 122.9 122.8 123.3 123.0 123.1 122.9
122.4 122.8 122.3 122.4 122.8 122.9 123.3 122.7 122.6 122.9 122.7 122.8 122.7
1.0429 1.0568 1.0230 1.0051 1.0399 1.0379 1.0427 1.0414 1.0331 1.0180 1.0128 1.0077 1.0301
1.4882 1.4453 1.3882 1.3480 1.3054 1.2685 1.3358 1.3420 1.3535 1.4150 1.3813 1.3335 1.3671
2.25 2.25 2.25 2.25 2.25 2.50 2.75 2.75 3.00 3.00 3.00 3.00 2.60
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11 Sep11 Oct11 Nov11 Dec11 Avg./Sum
123.5 124.2 124.5 126.0 126.1 125.3 125.7 126.3 126.0 127.2 126.6 126.5 125.7
149.2 151.1 148.5 153.6 149.3 150.4 152.8 154.8 150.2 155.7 153.0 156.6 152.1
151.8 158.1 156.4 176.7 169.1 164.9 170.3 176.0 163.1 176.5 163.5 171.0 166.5
123.9 124.3 124.8 126.2 126.5 125.6 125.9 126.6 126.4 127.6 126.9 126.7 126.0
123.3 124.2 124.3 125.6 125.8 124.9 125.5 125.9 125.7 126.9 126.3 126.2 125.4
0.9938 0.9876 0.9766 0.9582 0.9680 0.9768 0.9553 0.9828 1.0026 1.0198 1.0258 1.0238 0.9893
1.3285 1.3486 1.3691 1.3850 1.3885 1.4067 1.3636 1.4092 1.3778 1.4000 1.3895 1.3470 1.3761
3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Jan12 Feb12 Mar12 Apr12 May12 Jun12 Jul12 Aug12 Sep12 Oct12 Nov12 Dec12 Avg./Sum
127.1 126.6 126.6 127.0 126.6 126.9 126.8
157.5 155.1 150.5 149.9 147.9 150.8 151.4
173.8 169.3 161.5 161.1 152.3 161.2 160.8
127.3 126.9 127.0 127.4 127.0 127.2 127.1
126.7 126.3 126.3 126.7 126.2 126.5 126.4
1.0133 0.9965 0.9939 0.9926 1.0098 1.0281 1.0139 0.9921
1.3068 1.3194 1.3126 1.3066 1.2918 1.2892 1.5804 1.2307
3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
Page 21
SOURCES OF INFORMATION All series were obtained from Statistics Canada, with the following exceptions: Bankruptcies
Industry Canada, Office of the Superintendent of Bankruptcy http://strategis.ic.gc.ca/eic/site/bsfosb.nsf/eng/h_br01011.html
Business Incorporations
Service Alberta, Corporate Registry
Crude Oil Prices
Alberta Energy http://www.phoenixenergymarketing.com/historical_commodity _price_data.htm
Exchange Rates
Bank of Canada, Financial Markets Department, Monthly Average of Exchange Rates (monthly) www.bankofcanada.ca/en/rates/exchange.html
Housing Starts (urban)
Canada Mortgage and Housing Corporation, Preliminary Housing Starts data (monthly) http://www.cmhc-schl.gc.ca/en/hoficlincl/homain/stda/index.cfm
Interest Rates
Bank of Canada, Weekly Financial Statistics (weekly) http://epe.lac-bac.gc.ca/100/201/301/weekly_fin_stats/
Major Construction Projects
Alberta Enterprise and Advanced Education, Inventory of Major Alberta Projects (monthly) http://www.albertacanada.com/about-alberta/inventory-of-majorprojects.html
Multiple Listing Service (housing resales)
The Canadian Real Estate Association
Natural Gas Prices
Alberta Energy, www.energy.gov.ab.ca/xdata/gas/refprice/monthlyref.asp
Natural Gas (production and deliveries)
Energy Resource Conservation Board, Energy Resource Conservation Board
Rig Activity
Canadian Association of Oilwell Drilling Contractors, http://www.caodc.ca/
Many of the figures presented in this report are preliminary estimates subject to revision.
Page 22
Alberta Enterprise and Advanced Education 5th Floor, Commerce Place 10155 - 102 Street Edmonton, AB T5J 4L6 Telephone: 780.427.6787 Fax: 780.422.2091 Website:www.albertacanada.com
You can access the Monthly Economic Review and the following related department publications on the Internet at: http://albertacanada.com/about-alberta/economic-highlights.html ♦ ♦ ♦ ♦ ♦
Alberta Oil Sands Industry Quarterly Update Inventory of Major Alberta Projects Highlights of the Alberta Economy Alberta Natural Gas Industry Quarterly Update Facts on Alberta
© 2012 Government of Alberta ISSN: 1194-5648 ISSN: 1911-2521 (pdf) Printed in Canada
