By Eliane Portillo

Mexico's external accounts are not a focus of economic imbalance, nor a source of pressure on the exchange rate.

During the third quarter registered a current account deficit of balance of payments of $3.757 billion dollars and $6.475 billion dollars from January to September. These figures represent only 0.7% of GDP (almost identical to the last two years), reported the Bank of Mexico. An analysis said that  imbalances in external accounts are not perceived since the current account deficit remains low (in absolute terms), is largely financed by foreign investment flows, both for direct and portfolio.

Foreign direct investment from January to September registered a flow of $13.430 billion dollars, which is more than double the current account deficit for the period.

Meanwhile, foreign portfolio investment registered an income of $20.365 billion dollars in the first nine months, where entered $24.104 billion dollars to the money market and $3.739 billion dollars went out of the stock market.

Analysts pointed that: The balance of payments in 3Q11 shows the strength of external fundamentals. The results of the balance of payments to the third quarter maintained the good momentum that has taken the Mexican economy so far, but also represent further evidence of the slowing of external demand.

Analysts believe that the external accounts are not sources of any pressure to the Mexican economy.