The estimate for second-quarter US economic growth was lowered to 2.1% from an earlier forecast of 2.4%, the US Bureau of Economic Analysis reported Aug. 30.

The new GDP estimate is based on more complete source data than were available for the initial or “advance” estimate.

Still, the forecast remains above the 2% estimated for the first quarter.

“The economy is slowing to a pace that will help bring demand in line with the US’s productive capacity and tame inflation,” wrote Bill Adams, chief economist at Comerica Bank, in an analyst note, CNN reported. “The GDP revisions are good news on two levels: Growth still looks good, and the downward revisions reduce the risk of the economy running too hot and exacerbating inflation.”

The third estimate of GDP growth is scheduled to be released on Sept. 28.