ATB's Economic Outlook
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Our economics team examines the latest statistics on employment, trade, consumer spending, the energy industry and other economic drivers to provide insight into what is happening in Alberta and where our economy is heading.
Economics News
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Recent Owls
Alberta consumer spending down somewhat in August
On a year-over-year basis, average daily spending was higher than it was in 2019 in both June and July by 4 per cent, but was down in August by 4 per cent
International travel still in lockdown
As of July, the number of seasonally adjusted international travellers entering or returning to Canada was 95 per cent below where it was in February
OECD global economic forecast better but still bad
Although still a major contraction, the forecast for 2020 is an improvement over the -6.0 per cent estimate released in June
Car and truck sales in Alberta continue to improve
The dial is pointing in the right direction with monthly sales in Alberta increasing three months in a row
Manufacturing up again in July
Seasonally adjusted manufacturing sales in Alberta increased for the third month in a row in July
Job losses by industry in Alberta
By August, only two sub-sectors were ahead of where they were in February
Self-employment in Alberta during the pandemic
The relative lack of movement in the number of self-employed jobs doesn’t necessarily mean that all was well for these workers during the lockdown
The lighter side of supply and demand during COVID
RV dealers are reporting a surge in sales as people look for alternative ways to get out of town on vacation while physical distancing
Bank of Canada: Recuperation phase to be slow and choppy
Despite a strong reopening phase, the Bank expected a protracted and uneven recuperation phase
Alberta economic recovery roundup
From building permits (up 33.3 per cent in July) to daily oil production (up 3.4 per cent in July), things are moving in the right direction
