From the December U.Michigan Survey of Consumers:

Republican Sentiment: “The Sun’ll Come Out, Tomorrow”

Figure 1: U.Michigan Survey of Consumers Consumer Expectations, Overall (bold black), Democratic/lean Democratic (blue), Republican/lean Republican (red). Source: U.Mich.

Notice that overall expectations match Democratic expectations, partly because Independents match Democrats more than Repubilcans.

The Republicans stand apart in terms of expectations, remaining quite optimistic. This is shown in Figure 2.

Figure 2: U.Michigan Survey of Consumers Republican Consumer Sentiment (red, left scale), SF Fed News Sentiment (teal). Source: U.Mich, SF Fed.

The pattern identified in April persists, with only slightly more erosion in expectations.

This entry was posted on by Menzie Chinn.

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