diff --git a/CHANGELOG.md b/CHANGELOG.md
index e3df3bf7..d94b3cd1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+1.6.3 (2020-04-03)
+-------------------
+
+- Generate compressed CSV files by default. Optionally can be disabled by the `no_compression` config option
+
 1.6.2 (2020-03-23)
 -------------------
 
diff --git a/setup.py b/setup.py
index aeff5d27..626cebf2 100644
--- a/setup.py
+++ b/setup.py
@@ -6,7 +6,7 @@
     long_description = f.read()
 
 setup(name="pipelinewise-target-snowflake",
-      version="1.6.2",
+      version="1.6.3",
       description="Singer.io target for loading data to Snowflake - PipelineWise compatible",
       long_description=long_description,
       long_description_content_type='text/markdown',