UPDATE 2-L'Oreal sees no improvement in consumer trends

* Sees no change in U.S, Europe demand

* Q3 sales broadly in line with forecasts

(Adds details, quotes, background)

By Astrid Wendlandt

PARIS, Nov 5 (Reuters) - French cosmetics giant L'Oreal (OREP.PA) said it saw no pick-up in consumer demand globally but expected improved trading in the fourth quarter.

The Paris-based group said on Thursday that while it was growing faster than the market, business, particularly in luxury cosmetics and professional hair products, remained difficult and trends were unchanged in most regions.

"We don't see changes in consumer demand in North America and in Europe," L'Oreal Chief Executive Jean-Paul Agon told analysts during a conference call. "There is no restocking in Europe or anywhere."

He expected market trends during the current quarter to be in line with those of the previous three months.