Oliver Allen, analyst at Pantheon Macroeconomics, said in a report that the rise in US consumer confidence could be attributed to the ebb and flow of political momentum and might not last long. A survey released by the Conference Board showed that consumer confidence rose more than expected this month, with consumers expressing a more positive view of both the current situation and future conditions. But Allen believes that confidence is closely related to political trends, and August's increase could be attributed to the prospect of Democratic candidate Harris boosting the sentiment of her supporters. As a result, the rise is vulnerable to new political developments as the November election approaches, and in any case, such changes "tend to be poorly correlated with spending decisions", he said. " We think... from now on, both confidence and consumption growth will weaken significantly. "