Consumers' confidence in the economy spiked after Donald Trump won the presidential election, according to the University of Michigan.
The final index of consumer sentiment for November jumped to 93.8 from a preliminary reading of 91.6, according to a report released on Wednesday.
This report took on added significance because it showed results of the first post-election survey.
"The initial reaction of consumers to Trump's victory was to express greater optimism about their personal finances as well as improved prospects for the national economy," said Richard Curtin, the survey's chief economist.
Curtin said the survey showed that the improved optimism was widespread across all income and age subgroups across the country. However, it may have been exaggerated by a sense of relief that the election was finally over, he said.
A Gallup poll released last week also showed a spike in consumer confidence, although it was divided along political lines. Republicans suddenly became more bullish about the economy, while Democrats turned more bearish, according to last week's tracking poll.
"Presidential honeymoons represent a period in which the promise of gains holds sway over actual economic conditions," Curtin said. "Presidential honeymoons, however, can quickly end if they are unaccompanied by prospects that economic conditions will actually improve in the future."