Typescript 2.5.2 compileOnSave = false

When I'm developing using typescript 2.5.2 the typescript compiler does not compile the code. In the Typescript console I see the following

Process: Message 13 'ideChangeFiles' server time, mills: 0
Process: Compile skip: compileOnSave = false
Process: Message 14 'ideCompile' server time, mills: 0
Process: Update project structure scheduler time, mills: 0

If I press the compile button it works as expected but the auto compile does not work.

Falling back to 2.4.2 resolves this issue.

Package.json

{
  "name": "tmp",
  "version": "1.0.0",
  "description": "",
  "main": "index.js",
  "scripts": {
    "tsc": "tsc"
  },
  "author": "",
  "license": "ISC",
  "dependencies": {
    "typescript": "^2.5.2"
  }
}

tsconfig.json

{
   "compilerOptions": {
        "target": "es5",
        "lib": ["es6", "dom"],
        "types": [ ],
        "typeRoots": [
            "./node_modules/@types"
        ],
        "module": "commonjs",
        "moduleResolution": "node",
        "sourceMap":true,
        "declaration": true,
        "outDir": "./lib"
    },
   "exclude": [
      "node_modules",
      "postman",
        "lib"
   ]
}

index.ts

console.log("Something")

Any suggestions would be helpful.