The University of Michigan released the results of its monthly Survey of Consumers on Nov. 22, showing a slight increase in overall consumer sentiment, while results varied widely among respondents who identified as Republican or Democrat in the wake of the Nov. 5 U.S. presidential election.

Overall, the survey’s Index for Consumer Sentiment increased 1.8 percentage points month-to-month to 71.8 in November. More granularly, that index saw a major one-month jump of 15.5 points among respondents who identified as Republican. Sentiment among Democrat respondents sunk 10.1 points, while Independent sentiment fell 2.7 points.

Likewise, the Index of Consumer Expectations increased 3.8 points month-to-month to a November reading of 76.9. Among Republicans, that index had one-month jump of 27.8 points among Republicans and a Democrat 17.7-point drop among Democrats, while falling 0.6 among Independents.

In contrast, the Current Economic Conditions saw an overall decrease of 1.5 points in November to 63.9. It increased 1.7 points among Democrats; fell 3.5 for Republicans; and fell 5.9 points among Independents.

According to the University of Michigan report, year-ahead inflation expectations dropped slightly from 2.7% in October to 2.6% — the lowest level since December 2020 — remaining within the pre-pandemic range of 2.3% to 3.0%.

“Overall, the stability of national sentiment this month obscures discordant partisan patterns,” Surveys of Consumers Director Joanne Hsu said in the economic report. “In a mirror image of November 2020, the expectations index surged for Republicans and fell for Democrats this month, a reflection of the two groups’ incongruous views of how Trump’s policies will influence the economy. In contrast, current conditions saw insignificant changes this month across the political spectrum, consistent with the fact that the resolution of the election exerted little immediate impact on the current state of the economy.”