Consumer sentiment in the United States is up in November, or for the fourth straight month, attributatble to the victory of Donald Trump in the presidential election.

The University of Michigan's Consumer Sentiment Index climbed to 71.8 in November from 70.5 in October. It was also the highest since April.

"Overall, the stability of national sentiment this month obscures discordant partisan patterns," Surveys of Consumers Director Joanne Hsu said in a statement as quoted by Reuters.

"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," she added.

Also, households continued to see inflation being tamed this year but still see greater price-rise risk over Trump's coming four-year term due to possible tax cuts, higher tariffs and restricted immigration.