diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 4cafc60c11b..7b3715d0a2d 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.5.2
+current_version = 0.5.3
 commit = True
 tag = True
 
diff --git a/dbt/version.py b/dbt/version.py
index 16aa73ae032..7521206871b 100644
--- a/dbt/version.py
+++ b/dbt/version.py
@@ -53,7 +53,7 @@ def get_version_information():
 def is_latest():
     return installed == latest
 
-__version__ = '0.5.2'
+__version__ = '0.5.3'
 installed = get_version()
 latest = get_latest_version()
 
diff --git a/setup.py b/setup.py
index ef133340ceb..d30a2036bfe 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@
 import os.path
 
 package_name = "dbt"
-package_version = "0.5.2"
+package_version = "0.5.3"
 
 setup(
   name=package_name,