diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index 11eb802..ca93da1 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -5,6 +5,6 @@
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "3.31.1.dev0"
+version = __version__ = "3.32.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index e5f2bb9..58b3875 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+3.32.0 (released 2018-11-01)
+----------------------------
+
 - [ufoLib] Make ``UFOWriter`` a subclass of ``UFOReader``, and use mixins
   for shared methods (#1344).
 - [featureVars] Fixed normalization error when a condition's minimum/maximum
diff --git a/setup.cfg b/setup.cfg
index 4115058..f4ce1eb 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 3.31.1.dev0
+current_version = 3.32.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 21878e9..371fd1c 100755
--- a/setup.py
+++ b/setup.py
@@ -343,7 +343,7 @@
 
 setup(
 	name="fonttools",
-	version="3.31.1.dev0",
+	version="3.32.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",