actual 50.9, previous 50.8
The event is the Stanbic Bank Zambia PMI (Purchasing Managers' Index) for the month of January. The actual PMI value reported is 50.9, which is slightly higher than the previous value of 50.8. The estimated value was 49.9, so the actual value exceeded expectations.
This event is considered to have a low impact on the market, as indicated by the impact level. The PMI is an indicator of the economic health of the manufacturing sector in Zambia. A PMI value above 50 indicates expansion in the sector, while a value below 50 indicates contraction.
In this case, the PMI of 50.9 suggests a slight expansion in the manufacturing sector in Zambia for the month of January. The small increase from the previous month may indicate some positive momentum in the sector.